Elliott Wave analysis for Ripple

24 בדצמ׳ 2021

The XRPUSD crypto pair keeps forming an upward corrective wave B which is part of a big regular zigzag A-B-C. The correction looks like a double zigzag [W]-[X]-[Y]. The first two parts of the pattern have already formed, and the last actionary wave [Y] is currently unfolding as a double zigzag (W)-(X)-(Y). Its ultimate sub-wave (Y) includes impulse A and correction B, while an impulse wave C may end near the level of 1.055. At that level, the size of wave B will be 61.8% of impulse A.

Trading plan for XRPUSD for today:
Buy 0.963, TP 1.055