Short Ripple upon a rebound from 0.7245-0.6976 | 21 March 2018

Wave Analysis:

During the previous trading day, Ripple continues to correct itself to the upper side but is still within our sellers zone 0.7245-0.6976, as long as this zone is not violated to the upper side, we expect it to mark the end of the current corrective wave (4), and should be the beginning of the impulsive wave (5) to the lower side. For conservatory reasons, conservative traders should wait for a clear rebound from 0.7245-0.69976 to pick a low risk short position with an ultimate target at 0.5160 or ever. Buy positions can only be recommended in case the price break above 0.7245 towards 1.0720.

Trade Recommendation.

Short Ripple upon a rebound from 0.7245-0.6976 towards 0.5160