Sell Ripple below 0.4134 | 04 July 2018

Wave Analysis

In the recent past, Ripple bounced off from the upper trend line and is now heading to the lower side. This rebound is a clear sign that the bears are still in this market, however, instead of looking for a short position now, we're waiting for a breakout below 0.4478 to pick a short position. If you're a bit skeptic to pick this position, you could still wait for another break below 0.4134 to confirm further rally to the lower side with the next ideal take profit being 0.3880. This view can only be invalidated in case the price breaks above 0.5414.

Trade Recommendation.

Sell Ripple below 0.4134

101% Double the volume