Look for a buy positioon | 07 August 2018

Wave Analysis

During the previous trading day, Ripple went slightly lower than expected and is now trading below a daily support level 0.4275. This is a key level and unless there's a clear breakout below it, we expect a possible rebound from it to look for a long position. The idea is not to look for a long position now, but to wait for price to get back above 0.4275 and then pick a low risk long position with your first target at 1.142 and the next at 2.875. Only if the price can remain below 0.4275 will we consider picking a short order.

Trade Recommendations:

Look for a buy positioon

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.