we're in a short position | 09 August 2018

Wave Analysis

instead of a rebound from 0.4275, Ripple rallied lower and even went below this support and is still pretty much below this level, as long as the price is contained below this level, we except a possible impulsive wave count to the lower side and should break below 0.0605. If you're not in a short position now, you can wait for a correction towards the just broken level to pick a low risk sell position with you target at 0.0605. A buy position can only be recommended in case the price breaks above 0.4275

Trade Recommendation:

we're in a short position

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.