We're long | 07 May 2018

Wave Analysis

Last week, despite the fact that Bitcoin and Ethereum were actively moving to the upper side, Ripple kept consolidation around 0.8348, and is yet to clearly move to the upper side or lower side. As long as the price is contained above 0.8348, we expect a possible momentum to the upper side with an ideal at 1.0582, if this target is broken, then we expect further momentum towards 2.121 or even higher. This view can only be invalidated in case the price gets below 0.8348, this being the case, we'll wait for a confirmation that the price will continue downwards towards 0.7050.

Trade Recommendations:

As long as the price is above 0.8348, look for long positions towards 1.0557