Wait for a clear but signal from 0.2515 | 11 September 2018

Wave Analysis

During the previous trading day, Ripple barely touched the hourly support level 0.2515 before pulling back upwards. As long as the price is contained above this level, we expect a possible rally to the upper side. According to the hourly chart above, we're waiting for a clear rebound from the support level 0.2515 to pick a long term long position. However, should the price break below 0.2515, then this will be a good place to look for a long term short position with an ultimate target at 0.2365 or even lower.

Trade Recommendation

Wait for a clear but signal from 0.2515

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.