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Ripple (XRPUSD) Elliott Wave Analysis 29 August 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 29 August 2022, Ripple (XRPUSD)
XRPUSD Elliott Wave Technical Analysis Function: Fol ow trend
Mode: Motive
Structure: Impulse
Position: Wave ((5))
Direction Next higher Degrees: Wave C of Zigzag Details: The last drop of wave ((5)) in wave C, the price reversed another uptrend upon completion.

Wave Cancel invalid Level: 0.41006
Ripple (XRPUSD) Trading Strategy: The downtrend continues. and trending down to 0.2758 or 0.2169, look for opportunities to short Ripple (XRPUSD)Technical Indicators: The price is below the MA line. The RSI is moving into the Oversold zone, The downtrend continues TradingLounge Analyst: Kittiampon Somboonsod

841553817_XRPday.thumb.png.03719532256dde079c8d62a6f44398d1.png

 

 

 


Elliott Wave Analysis TradingLounge 4H Chart, 29 August 2022, Ripple (XRPUSD)
XRPUSD Elliott Wave Technical Analysis Function: Fol ow trend
Mode: Motive
Structure: Impulse
Position: Wave (3)
Direction Next higher Degrees: Wave ((5)) of C
Details: sub-wave, of wave (3), the price has a chance to continue fal ing below the 0.28761 level.

Wave Cancel invalid Level: 0.41006
Ripple (XRPUSD) Trading Strategy: The downtrend continues. and trending down to 0.2758 or 0.2169, look for opportunities to short Ripple (XRPUSD)Technical Indicators: The price is below the MA line. The RSI is moving into the Oversold zone, The downtrend continues..

1330351179_XRPH4.thumb.png.8e01b6dcc26d43b8e759b26c22eed902.png

 

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