We're long | 31 May 2018

Wave Analysis

After breaking above the upper resistive trendline, ripple pulled back to the same trend line but got supported. This crypto is still within our buyers territory, thus, unless the price clearly breaks below this trendline, we expect the level 0.5520 to have marked the end of the previous five wave count, that the current upward rally is the unfolding of a corrective three wave cycle, but should not go beyond the end of the corrective wave (D), 0.6980. If this target is broken, then expect a long term rally towards 0.9695.

Trade Recommendations:

We're long towards 0.6980.

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.