XRPUSD Elliott Wave Technical Analysis April 19 2023
4Hour
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
Daily
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
