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Ripple /U.S.dollar(XRPUSD) Elliott Wave Technical Analysis 29 May 23 


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Elliott Wave Analysis TradingLounge Daily Chart, 29 May 23,  

Ripple /U.S.dollar(XRPUSD)

XRPUSD Elliott Wave Technical Analysis 

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next higher Degrees: wave 1 of Motive

Details: Wave 3 is usually equal to 1.618 multiplied Length of wave 1

Wave Cancel invalid level: 0.41001

Ripple /U.S.dollar(XRPUSD)Trading Strategy: Ripple bounces well from the 0.443 level and can still hold above the MA200 line, leading us to expect Wave 2 to end at 0.443 and Wave 3 is usually equal to 1.618 multiplied Length of wave 1.

Ripple /U.S.dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend MACD and RSI are Bullish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

XRPday.thumb.png.4da441a85bd6cbff2232415c8b0f5d9b.png

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 29 May 23,  

Ripple /U.S.dollar(XRPUSD)

XRPUSD Elliott Wave Technical Analysis 

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next higher Degrees: wave 1 of Motive

Details: Wave 3 is usually equal to 1.618 multiplied Length of wave 1

Wave Cancel invalid level: 0.41001

Ripple /U.S.dollar(XRPUSD)Trading Strategy: Ripple bounces well from the 0.443 level and can still hold above the MA200 line, leading us to expect Wave 2 to end at 0.443 and Wave 3 is usually equal to 1.618 multiplied Length of wave 1.

Ripple /U.S.dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend MACD and RSI are Bullish momentum.

XRPH4.thumb.png.3e68ec4b77983bfe2535ceb2ff8e6ff5.png

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