We're long towards 1.0557. | 04 May 2018

Wave Analysis

Other than the fact that the price went above 0.8345, nothing significant is being observed in Ripple. Our expectations still stands, we still expect a bullish momentum towards 1.0557. As long as the price does not go below 0.8345, we expect a possible extension of the impulsive wave (v) to the upper side and may breakout above 1.0557 towards 1.1999 or even higher. This view will only be rendered futile in case the price breaks below 0.8346, this being the case, we'll expect a rally towards 0.7050.

Trade Recommendations:

We're long towards 1.0557.