Buyers in full subdue of this market | 13 April 2018

Wave Analysis

Perfectly as previously forecasted, ripple sustained the bounce above 0.4535, headed upwards and is still pretty much bullish both on the daily and the 4 hour charts, today and in the next few days, we expect a possible rally to the upper side and may break above the upper trend line acting as the hypotenuse to the triangular formation. If you're not long already, you could wait for a break above this trend line then pick a low risk position towards 1.4680 or even higher to 1.5. At the moment, sell positions can only be recommended below 0.4114 and may go even lower.

Trade Recommendation:

We're long towards 1.4680

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.