Sell Ripple below 0.5197 | 29 March 2018

Wave Analysis:

While other crptocurrencies have been crashing, Ripple has not been left behind, Yesterday, Ripple lost almost 2% and is still pretty much bearish both on the daily and the weekly charts. We expect further momentum to the lower side and should break below 0.5197 towards 0.2345. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lower side and should first break below 0.5197 towards 0.2312. According to the current chart set up, we highly recommend looking for short positions, no buying is recommended.

Trade Recommendations:

Sell Ripple below 0.5197 towards 0.2312

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.