wait | 10 July 2018

Wave Analysis

After an attempt break above the upper trend line acting as a resistance to the falling channel formation. Ripple rallied slightly to the upper side before correcting to the lower side. This crypto has been in a constant downtrend and while the price is contained within the falling channel formation, we expect further momentum to the lower side, now that the price is already above the upper trend line, we're waiting for a confirmation that this pair will continue upwards . This view will only be invalidated should the price break below 0.4429.

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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.