Close
Login

Remain long towards 1.000 | 23 April 2018

23 April 2018, XRP

Remain long towards 1.000

Wave Analysis

During the previous trading week, ripple traded massively to the upper side and is still pretty much bullish both on the daily and the weekly charts. On Friday, the price went above a short term resistance level 0.6491, retraced back to it before taking off to the upper side. As long as the price remains above 0.6491, we expect a possible momentum to the upper side. The anticipated bullish price is the continuation of the impulsive wave (c) to the upper side and should break above 0.9470 towards 1.000. At the moment, only buying is recommended, however, should the price get below 0.6491, then we may consider short positions.

Trade Recommendation

Remain long towards 1.000

FreshForex cancels commissions!


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.
Bob Stan
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .