wait for a rebound from 0.4275 | 28 August 2018

Wave Analysis

Ripple is currently recovering slowly to the upper side but is still below the daily level 0.4275. As we mentioned few days ago, as long as the price remains below the level 0.4275, we expect nothing but a possible momentum to the lower side. According to the daily chart above, we're waiting for further correction towards 0.4275 to pick a long term short position towards 0.1120. This view can only be rendered futile in case the price breaks above 0.4275, if this is the case, then further movements upwards is expected.

Trade Recommendations:

wait for a rebound from 0.4275

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.