Sell from 0.4225 | 22 August 2018

Wave Analysis

During the previous trading day, Ripple pulled back upwards, but is still below 1.4225, as long as the price remains below this level, we expect possible rally to the lowerside, the anticipated bearish price rally is the unfolding of an impulsive wave count to the lowerside and should break below 0.0834. This view can only be invalidated in case the price breaks above 0.4225, if this is the case, then we'll wait for a pullback to the same level to pick another long position with an ultimate target at 1.1402.

Trade Recommendation:

Sell from 0.4225

101% Double the volume