On the sidelines | 28 February 2018

Wave Analysis:

Ripple is currently trading with an increasing bearish momentum. I expect a decline towards the daily support seen at 0.6815 to buy the next impulsive wave (3) to the upper side and should break above 3.2898 towards 5.000. According to the current chart set up and structure, its good to wait for a rebound from 0.6815 to long this crypto to with my first target being 3.2898 and the next at 5.0000. Any clear descend below 0.6815 will culminate into a possible bearish price rally towards 0.2320 or even lower. At the moment, we choose to remain on the sidelines.

Trade Recommendations:

On the sidelines