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Look for a long position now | 26 March 2018

26 March 2018, XRP

Look for a long position now

Wave Analysis:

So far, Ripple has not shown us any significant sign that it could rise. Despite this, as long as the price remains above 0.5167-0.6815, we remain optimistic that a rise towards 3.2898 is expected. We expect the halt seen around 0.5167 to have marked the end of the corrective wave (2) that any movements to the upper side will be the unfolding of impulsive wave (3) to the upper side and should break above 3.2898 towards 5.000. This view can only be invalidated in case the price break below 0.5167, if this is the case, then I'll be expecting a drop towards 0.2425.

Trade Recommendation:

Look for a long position now with an ideal target at 3.2898

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Bob Stan
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