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We're looking for possible long positions

11 July 2018, XRP

We're looking for possible long positions

Wave Analysis

Earlier this week, Ripple rallied a bit higher than expected and even went above the upper trend line acting as a resistance to the falling channel. This was a clear sign that the bulls are gaining grounds. And as long as the price is contained above this trend line and most important above 0.4130, we expect a possible momentum to the upper side. The anticipated bullish price rally should be the unfolding of a corrective three wave cycle and should break above 0.5414 towards 0.6735 or even higher.

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Graham Osano
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