Flat for now | 25 May 2018

Wave Analysis

Ripple is still rallying within the contracting wedge formation but is not showing any signs of breaking out of it. From the look of the previous chart set up and structures, this crypto could end up breaking to the lower side, and if this is the case, then we'll expect a possible momentum to the lower side with our target at 0.5752. The anticipated bearish price rally will be the continuation of the impulsive wave (c) to the lower side and may breakout below 0.5252 towards 0.4493 or even lower. At the moment, we choose to remain flat and wait for this breakout.

Trade Recommendation:

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.