Look for a long position now | 04 April 2018

Wave Analysis:

During the previous trading day, Ripple rallied higher than expected and even broke out above the upper trendline. Above this trendline is a clear buyers territory and as long as the price remains above it, we expect a possible momentum to the upper side. On the hourly chart attached, we're waiting for a slight extension of the corrective wave (b) towards the just broken trendline to buy the last impulsive wave (c) with an ultimate target at 0.6916. This view can only be invalidated in case the price breaks below 0.4498, if this is the case, then we expect a possible momentum to the lowerside.

Trade Recommendation.

Look for a long position now towards 0.6915

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.