Hello Crypto traders!
Today we will talk about Ripple - XRPUSD, its price action from technical point of view and wave structure from Elliott Wave perspective.
We have to respect that Ripple looks quite bullish after it unfolded five waves up from June to September. However, we still see it as a wave A of a three-wave A-B-C rally, so after nice and clean pullback in wave B, seems like XRPUSD is ready to continue higher for wave C. And, because wave C is a motive wave, we can expect a new five-wave bullish cycle that can easily send the price back to September highs and 1.5 - 1.7 area.
As you can see, currently it can be forming a nice bullish setup with subwaves (1) and (2) that can be now ready for a jump into wave (3), but only if the price manages to stay above 0.85 invalidation level!
Be humble and trade smart!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Today we will talk about Ripple - XRPUSD, its price action from technical point of view and wave structure from Elliott Wave perspective.
We have to respect that Ripple looks quite bullish after it unfolded five waves up from June to September. However, we still see it as a wave A of a three-wave A-B-C rally, so after nice and clean pullback in wave B, seems like XRPUSD is ready to continue higher for wave C. And, because wave C is a motive wave, we can expect a new five-wave bullish cycle that can easily send the price back to September highs and 1.5 - 1.7 area.
As you can see, currently it can be forming a nice bullish setup with subwaves (1) and (2) that can be now ready for a jump into wave (3), but only if the price manages to stay above 0.85 invalidation level!
Be humble and trade smart!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
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Newsletter
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Join the community for one week, full access. Its free >> @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves Sale-65%
👉 wavetraders.com/academy/
Newsletter
👉 bit.ly/3FVPVzO
Learn Elliott Waves Sale-65%
👉 wavetraders.com/academy/
Newsletter
👉 bit.ly/3FVPVzO
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.