29Apr
XRPUSD Elliott Wave Technical Analysis April 29 2023
XRPUSD Elliott Wave Technical Analysis April 29 2023
4Hour
Ripple /U.S.dollar(XRPUSD)
XRPUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
Position: Wave (Y)
Direction Next higher Degrees: Wave ((4)) of Motive
Wave Cancel invalid level: 0.43307
Details: Wave ((4)) has sufficient retracement. And a five-wave increase will confirm the end of the wave ((4)).
Ripple /U.S.dollar(XRPUSD) Trading Strategy: The fourth wave correction is likely to end. And the price is rising again in the fifth wave. which tends to trade above 0.5848.
Ripple /U.S.dollar(XRPUSD) Technical Indicators: The price is below the MA200 indicating an Uptrend MACD and RSI has Bullish divergence
Daily
Ripple /U.S.dollar(XRPUSD)
XRPUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
Position: Wave (Y)
Direction Next higher Degrees: Wave ((4)) of Motive
Wave Cancel invalid level: 0.43307
Details: Wave ((4)) has sufficient retracement. And a five-wave increase will confirm the end of the wave ((4)).
Ripple /U.S.dollar(XRPUSD) Trading Strategy: The fourth wave correction is likely to end. And the price is rising again in the fifth wave. which tends to trade above 0.5848.
Ripple /U.S.dollar(XRPUSD) Technical Indicators: The price is below the MA200 indicating an Uptrend MACD and RSI has Bullish divergence
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