Look for a long position now | 12 March 2018

Wave Analysis

On Thursday the previous week, Ripple closed as a possible bullish pin bar on the daily chart. This is a possible indication that the bulls are coming back, thus, we're only looking for low risk opportunities to buy ripple with an ultimate target at 1.2898. Having seen this pin bar, and as long as the price remains above the daily support seen at 0.6815, we're only interested in long positions with our first target at 1.7005, and the next target at 1.2898. However, if the price should break below 0.6815, then we expect a possible bearish price movements to the lower side but should not go beyond 0.2425.

Trade Recommendations:

Look for a long position now with an ultimate target at 1.2898

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.