Sell Ripple now | 07 June 2018

Wave Analysis

Despite the previous forecasts that this crypto could decline in value, Ripple stagnated around the previous day's opening price and has currently pulled back towards the upper trend line, but is still within the falling channel. As we mentioned earlier this week, as long as the price is contained within this channel, we expect a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (v) but should not go beyond the 0.4490, if this target is broken, then we'll wait for another break below 0.4134 to confirm a possible rally towards 0.23.

Trade Recommendations:

Sell Ripple now with your take profit at 0.4450

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.