Flat | 27 April 2018

Wave Analysis

Ripple is slowly recovering the value it lost recently, but is still below the hourly key level 0.8493. As long as this level is not violated to the upper side with a big candle, we choose to remain flat, however, should the price get above 0.8493, then we'll consider a low risk long position with our target at 1.2130. If this target is broken, then long term should expect further momentum with an ultimate target around 5.000 or even higher. On the hourly chart attached, its good to remain flat, and wait for an ascend above 0.8493.

Trade Recommendations:

Flat

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.