Still short towards 0.4490 | 19 June 2018

Wave Analysis

Few days ago, ripple lost value considerably and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains within the falling wedge formation, we expect a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the previous five wave cycle and should first break below 0.4450 before a move further to the lower side is seen. This view can only be invalidated in case the price breaks above the upper trend line. This being the case, we'll expect a rally upwards.

Trade Recommendations:

Still short towards 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.