we're short towards 0.5252 | 24 May 2018

Wave Analysis

Just as the other crypto currencies, Ripple also continues to loose value and is currently heading towards a key hourly support 0.5252. After an attempt break above the upper trend line acting as resistance to the contracting wedge formation, Ripple pullback again below this trend line and is now heading to the lower side. We're in our sellers zone now, thus, we expect a possible rally to the lower side and may break below 0.5252 towards 0.4499 or even lower. At the moment, we only recommend looking for buy positions only.

Trade Recommendations:

we're short towards 0.5252

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.