wait for a break below 0.4490 | 03 April 2018

Wave Analysis:

Since 7 March until now, Ripple has not been above to break above the upper resistive trend line but is very mush bearish both in the higher and the lower time frames. Currently the price is rallying above a key hourly support level 0.4490, we expect a break below it to short this crypto with our target being 0.2341. The anticipated bearish price rally will be the continuation of the impulsive wave (5) to the lower side and should first break below 0.2341, towards 0.035 or even lower. On the hourly chart attached, it’s good to remain short, thus, if you’re not short already, you could wait for price to break below 0.4490 then short this crypto with your target at 0.2341.

Trade Recommendation:

If you’re not short already, you could wait for a break below 0.4490 then short this crypto towards 0.2341

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.