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Elliott Wave Analysis TradingLounge Daily Chart

XRP/ U.S. dollar(XRPUSD)

XRPUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

position: Wave IV

Direction Next higher Degrees: wave (I)

Wave Cancel invalid level:

Details: Retracement of wave IV before rising again in wave V.

XRP/ U.S. dollar(XRPUSD)Trading Strategy:
"The corrective wave IV within the triangle pattern is now in its final phase of decline, forming wave E to complete the triangle pattern. Wait for wave E to finish before looking for an opportunity to rejoin the uptrend.

XRP/ U.S. dollar(XRPUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bullish Momentum.

Elliott Wave Analysis TradingLounge 4hr Chart

XRP/ U.S. dollar(XRPUSD)

XRPUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

position: Wave IV

Direction Next higher Degrees: wave (I)

Wave Cancel invalid level:

Details: Retracement of wave IV before rising again in wave V.

XRP/ U.S. dollar(XRPUSD)Trading Strategy:
"The corrective wave IV within the triangle pattern is now in its final phase of decline, forming wave E to complete the triangle pattern. Wait for wave E to finish before looking for an opportunity to rejoin the uptrend.

XRP/ U.S. dollar(XRPUSD)Technical Indicators: 
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bullish Momentum.

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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