On the sidelines | 12 September 2018

Wave Analysis

On the 15 minutes chart above, Ripple is within a perfect contracting wedge formation. We're waiting for a clear rebound from the lower trendline to look for a long term long position with an ultimate target at 0.30365. As long as the price remains above the supportive trend line, we're waiting for a clear rebound sign to look for a long term long position. This view can only be invalidated in case the price breaks below the previous day's lowest low, 0.25100. If this is the case, then we'll expect further to the lower side.

Trade Recommendation

On the sidelines

101% Double the volume