Elliott Wave Technical Analysis: Ripple, Thursday, Oct. 13
XRPUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Triangle
Position: Wave (4)
Direction Next higher Degrees: Impulse wave ((1))
Details: Lateral movement of wave 4 tends to form a triangle as wave 2 is a flat pattern, waiting for clarity.
Wave Cancel invalid Level: 0.418
Ripple (XRP-X)Trading Strategy: The price has a chance to form a triangle. and tends to
come down to test the MA200 line which is an important support trading during this period
You may have to wait for the triangle pattern to finish.
Ripple (XRPUSD)Technical Indicators: The price is above the MA50 and MA200 lines, MACD is above the Zero line, and the trend is bullish.
Tradinglounge Analyst : Kittiampon Somboonso
Ripple (XRPUSD)
XRPUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Triangle
Position: Wave (4)
Direction Next higher Degrees: Impulse wave ((1))
Details: Lateral movement of wave 4 tends to form a triangle as wave 2 is a flat pattern, waiting for clarity.
Wave Cancel invalid Level: 0.418
Ripple (XRPUSD)Trading Strategy: The price has a chance to form a triangle. and tends to
come down to test the MA200 line which is an important support trading during this period. You may have to wait for the triangle pattern to finish.
Ripple (XRPUSD)Technical Indicators: The price is above the MA200 lines, But below the MASO slow down in the uptrend, MACD is below the Zero line, and the trend is bearish.
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