05May
XRPUSD Elliott Wave Technical Analysis May 05 2023
XRPUSD Elliott Wave Technical Analysis May 05 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: We expect wave 4 It's likely to be over. And the price is rising in wave 5, but even then, Mometum from RSI and MACD has no support. Trading must be done carefully during this time.
Ripple /U.S.dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend MACD and RSI are Bearish Momentum
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: We expect wave 4 It's likely to be over. And the price is rising in wave 5, but even then, Mometum from RSI and MACD has no support. Trading must be done carefully during this time.
Ripple /U.S.dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend MACD and RSI are Bearish Momentum
About the Author
Related
For Bitcoin to remain bullish the 46,500 needs to remain the support. BTC Trading Strategy: Expectin...
Read More >
Kittiampon Somboonsod's Elliott Wave charts for Ripple (XRPUSD) reveal a short-term correction i...
Read More >
Cryptocurrency Bitcoin BTC Technical Analysis Elliott Wave Trading - tradinglounge.com
Overview: On...
Read More >
Technical analyst Kittiampon Somboonsod has used Elliott Wave charts to make a prediction on the The...
Read More >
Kittiampon Somboonsod's Elliott Wave charts and technical analysis predict a correction for Bitc...
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour and Daily The price is still in control of the b...
Read More >
You need to login in order to comment