Wait for a correction | 04 September 2018

Technical observation

Ripple is currently trading below a resistance zone 0.35095-0.34709,I expect a pullback to the zone followed by a rejection within it for possible bearish momentum towards 0.30813 and a possible breakout below it for a further decline in price towards 0.25246.Wait for the retracement to the zone then short ripple within it with your take profit at 0.30813 and stop loss around 0.37192.Should the price breakout above the resistance zone, then wait for a correction to it to confirm bullish movement of ripple before you enter long positions within the just broken zone with your ideal target towards the resistance 0.41004.

Trade signal

Wait for a correction to 0.35095-0.34709 to re-sell Ripple.

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