We're short towards 0.4490 | 22 June 2018

Wave Analysis

During the previous trading day, ripple went below the supportive level 0.5414 and is still pretty much below it. As long as this line protects the lower side, we expect a possible rally to the lower side. And while the price is within the falling channel, then I'll expect a momentum further to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (v) and may breakout below 0.4490 or even lower. At the moment, buy positions looks a bit risky and only sell positions can be recommended.

Trade Recommendations:

We're 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.