we're short | 10 August 2018

Wave Analysis

Despite the break below 0.4375, Ripple is yet to show any significant move to the lowerside. We're waiting for a breakout above 0.4375 to confirm a possible rally to the upper side. However, should the price fail to break above 0.4375, then we'll be looking for a sell position around 0.4375. The anticipated bearish price rally is the continuation of an five impulsive wave cycle and should break below 0.1990. At the moment, as it looks on the daily chart, a short position looks more ideal and can be recommended.

Trade Recommendation:

we're short

101% Double the volume