we're long towards the upper trendline | 03 September 2018

Wave Analysis

Ripple is currently trading with a contracting wedge formation. We're waiting for either a breakout below the lower trendline or a break above it to pick a long position with an ideal target at 0.4325. According to the hourly chart above, we expect the corrective wave (D) to continue to the lowerside and should bounce from the upper trendline. And on the flip side, should the price bounce from the upper trendline, then we'll sell the last impulsive wave (E) and should breakout below the lower trendline towards 0.2855.

Trade Recommendations:

we're long towards the upper trendline

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.