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Ripple /U.S.dollar(XRPUSD) Elliott Wave Technical Analysis 19 April 23


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Elliott Wave Analysis TradingLounge Daily Chart, 19 April 23,  

Ripple /U.S.dollar(XRPUSD)

XRPUSD Elliott Wave Technical Analysis 

Function: Counter trend

Mode: Corrective

Structure: Traingle

Position: Wave (E)

Direction Next higher Degrees: wave I of Impulse

Details: Retracement of wave ((4)) usually .382 x Length wave ((3))

Wave Cancel invalid Level: 0.35407

Ripple /U.S.dollar(XRPUSD)Trading Strategy: Short-term correction of the fourth wave Triangle tendency due to contractile sideways movement. It consists of waves A, B, C, D, E and we predict a final decline in wave E before rising again in the fifth wave.

Ripple /U.S.dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend The wave oscillators above Zero-Line momentum are Bullish

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

XRPday.thumb.png.7d9a2046ffe497682cb34d5def7e8133.png

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 19 April 23,  

Ripple /U.S.dollar(XRPUSD)

XRPUSD Elliott Wave Technical Analysis 

Function: Counter trend

Mode: Corrective

Structure: Traingle

Position: Wave (E)

Direction Next higher Degrees: wave I of Impulse

Details: Retracement of wave ((4)) usually .382 x Length wave ((3))

Wave Cancel invalid Level: 0.35407

Ripple /U.S.dollar(XRPUSD)Trading Strategy: Short-term correction of the fourth wave Triangle tendency due to contractile sideways movement. It consists of waves A, B, C, D, E and we predict a final decline in wave E before rising again in the fifth wave.

Ripple /U.S.dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend The wave oscillators above Zero-Line momentum are Bullish.

XRPH4.thumb.png.3b567193117a27604b2edf94bdb788bb.png

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