Only sell a break below 0.4429. | 27 June 2018

Wave Analysis

Ripple is currently bouncing from an intraday level 0.4478. As long as this level remains intact, we're waiting for a clear rebound sign to pick a long term long position with an ultimate target at 0.5414. Ideally, this would mean an end to the impulsive wave (v), that we're at the verge of a corrective rally. However, should the price break below 0.4478, then we'll be good to wait for a pullback to the just broken line to pick a low risk, long term sell position with an ultimate target at 0.10. A break below this level will push the price even further low.

Trade Recommendation:

Only sell a break below 0.4429.

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.