Wait for confirmed buy signal | 20 March 2018

Wave Analysis:

Yesterday, Ripple recovered almost less than 1% the value it lost in the past 4 months. This is a potential bulls income indications and as long as the price remains above 0.6815 we expect a rally to the upper side. Ideally, we expect the level 0.5167 to have marked the end of the corrective wave (2) that any movements to the upper side is the unfolding of the impulsive wave (3) to the upper side and should break above 1.5385 towards 1.2898. This view can only be invalidated in case the price break below 0.6815, this being the case, we expect a drop towards 0.2425.

Trade Recommendations:

Wait for confirmed buy signal above 0.6815 to buy ripple towards 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.