Wait for a break below 0.6316 | 05 April 2018

Wave Analysis:

After an attempt break above the upper trend line, Ripple pulled back below the same line and is now rallying below it. There seems to be some indicision in this market, and as long as the price remains above 0.6490-0.6316 and below the upper trend line, we choose to remain flat, however, should the price break below 0.6316, then we'll wait for a pullback to the just broken zone to pick a short with position with our target at 0.3640 or even lower. According to the current hourly chart, only short positions looks more ideal and can be recommended, but at the moment, we're flat waiting for a break below 0.6316.

Trade Recommendations:

Wait for a break below 0.6316 to confirm a possible rally towards 0.3640

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.