Jump to content

Ripple/U.S.dollar(XRPUSD) Elliott Wave Technical Analysis 9 June 23 


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 9 June 23,  

Ripple/U.S.dollar(XRPUSD)

XRPUSD Elliott Wave Technical Analysis 

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 5

Direction Next higher Degrees: wave (1) of Motive

Details: Wave 5 is usually equal to .618 multiplied Length of wave 1 through wave 3

Wave Cancel invalid level: 0.41001

Ripple/U.S.dollar(XRPUSD)Trading Strategy: Ripple is still in an uptrend. But it was in a phase of correction in wave 4 before rising again in wave 5, in line with price being above the MA200 line, showing a strong uptrend. But even so, we need more information to identify wave 4 patterns to determine readiness for rising wave 5, wait for wave 4 to finish.

Ripple/U.S.dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

XRPday.thumb.png.f7405f45025b1478fb0a4f6f39c22aa9.png

 

Elliott Wave Analysis TradingLounge 4H Chart, 9 June 23,  

Ripple/U.S.dollar(XRPUSD)

XRPUSD Elliott Wave Technical Analysis 

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 5

Direction Next higher Degrees: wave (1) of Motive

Details: Wave 5 is usually equal to .618 multiplied Length of wave 1 through wave 3

Wave Cancel invalid level: 0.41001

Ripple/U.S.dollar(XRPUSD)Trading Strategy: Ripple is still in an uptrend. But it was in a phase of correction in wave 4 before rising again in wave 5, in line with price being above the MA200 line, showing a strong uptrend. But even so, we need more information to identify wave 4 patterns to determine readiness for rising wave 5, wait for wave 4 to finish.

Ripple/U.S.dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum.

XRPH4.thumb.png.47e89d2d63964940338367b4ab720451.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,984
    • Total Posts
      95,305
    • Total Members
      43,594
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    pb8080
    Joined 22/09/23 16:31
  • Posts

    • Basically, they've renamed the BitKeep wallet to BitgetWallet while megaswap to Bitgetswap😑...!   Most of the wallets have that inbuilt swap features but only a few reputable centralised exchanges have that feature!
    • Almost perfectly said! Especially, diversification & risk appetite factor worked great for me! Imagine, having -300% with 20x Lev😑. Still didn't close that trade after gaining+200%! Tho high lev isn't recommended,but I've just shared my personal experience as an example of risk appetite!  End of the day, experience & self confidence matters at crypto(For most of the people).
    • Hi @Ilikethestonk, Unfortunately, we only offer stocks listed on the following markets for share dealing: UK: FTSE 100, FTSE 250, and many other small-cap UK stocks US: S&P 500, NASDAQ 100, and many other small-cap US stocks Germany: DAX, HDAX, MDAX Ireland: ISEQ Netherlands: AEX Belgium: BEL 20 Austria: ATX, WBI Australia: ASX/S&P 300 Thanks, KoketsoIG
×
×
  • Create New...
us