Ripple And Bitcoin Cash Elliott Wave Cycles Point Recovery Ahead

XRPUSD remains nicely bearish in the 4-hour chart as expected and we can see a quite clear impulsive decline, so bears are probably still in control, just be aware of a potential A-B-C pullback before the downtrend resumes, as five waves down can be seen. Ideal resistance is in the 0.80 - 086 area, but keep in mind that we remain bearish as long as the price is below 1.02 invalidation level.

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Ripple 4h Elliott Wave Analysis

ripple elliott wave

BCHUSD is making quite a big intraday recovery, so wave 5 can be completed, but notice that it didn't break below previous December 2021 spike low, so for now we are just observing a minimum three-wave A-B-C rally which can still belong to a higher degree correction within downtrend, while the price is below 544 level.

Bitcoin Cash 4h Elliott Wave Analysis

Bitcoin Cash Elliott Wave

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

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