Remain short | 05 June 2018

Wave Analysis

Since earlier April, Ripple has been declining steadily, and any attempts to rise has been countered with a bearish movements. Recently, the price attempted a break above this falling channel, but could not penetrate the upper trend line. We expect the rebound from the upper trend line to have marked the end of the corrective wave (iv), that the current rally to the lower side is the unfolding of the impulsive wave (v) to the lower side and should break below 0.4490 towards 0.23 or even lower but should not go beyond 0.10,.

Trade Recommendation.

Remain short with your first take profit at 0.4490

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.