We're looking for possible long positions | 11 July 2018

Wave Analysis

Earlier this week, Ripple rallied a bit higher than expected and even went above the upper trend line acting as a resistance to the falling channel. This was a clear sign that the bulls are gaining grounds. And as long as the price is contained above this trend line and most important above 0.4130, we expect a possible momentum to the upper side. The anticipated bullish price rally should be the unfolding of a corrective three wave cycle and should break above 0.5414 towards 0.6735 or even higher.

Trade Recommendations:

We're looking for long positions

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.