Elliott Wave analysis for Ripple
After an ascending linking wave XX formed, the market turned down following a new trend. Bearish impulse [1]-[2]-[3]-[4]-[5] appears to be developing in the last chart segment. The middle part of the impulsive subwave [3] — subwave (3) — is forming now. The subwave (3) will likely end at 0.646, and a small correction might then develop.
Trading plan for XRPUSD for today:
Sell 0.714, Take profit: 0.646.
Trading plan for XRPUSD for today:
Sell 0.714, Take profit: 0.646.
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