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Remain long towards 1.3850

16 April 2018, XRP

Remain long towards 1.3850

Wave Analysis

Ripple was successfully supported around 0.4534-0.4134 and is still pretty much bullish. If you didn't get an opportunity to buy this crypto around 0.4532, then you could safely wait for a breakout above the upper trendline, acting as the hypotenus to the triangulor formation, to pick a long position with an ultimate target at 1.3850 and may end up even higher. This view can only be invalidated in case the price end up breaking below 0.4582, if this is the case, then we'll expect a possible momentum towards 0.10 or even lower.

Trade Recommendations

Remain long towards 1.3850

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Graham Osano
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