We're long | 30 May 2018

Wave Analysis

During the previous trading day, Ripple traded intensely to the upper side and even went above the upper trend line. We expect the rebound from 0.542 to have marked the end of the impulsive wave (E), The currently rally upwards is the unfolding of an impulsive wave count and should go beyond the hourly resistance level 0.6796. If this target is broken, then the price will likely continue to the upper side with the next target at 0.9210. At the moment, only long positions look better, but a rebound from 0.6795 may attract a short term sell position towards 0.5252.

Trade Recommendations:

We're long towards 0.6796

101% Double the volume

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.