Trend: Uptrend continuation.
The price already completed wave 2 at 50% retracement and now continues her journey to wave 3 in 5 subwaves. The minimum target of Wave 3 is near the resistance level of the previous high, as shown in the chart.
This is only my perspective of EW counting for XRPUSD. Not recommended to trade based on my perspective, as it may be wrong. Advice: Do your own TA prior to trade.
The price already completed wave 2 at 50% retracement and now continues her journey to wave 3 in 5 subwaves. The minimum target of Wave 3 is near the resistance level of the previous high, as shown in the chart.
This is only my perspective of EW counting for XRPUSD. Not recommended to trade based on my perspective, as it may be wrong. Advice: Do your own TA prior to trade.
Note
As of today, the XRPUSD dropped below wave 1 (green), and I believe the counting has to be redone. However, wave 4 in the blue circle is still valid. I will revise the counting in the next posting.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.