Sell at 0.30813 | 06 September 2018

Technical observation

Yesterday ripple went down a support 0.30813 with a big red candle and is still below it.I expect a correction to the just broken line followed by a rejection of price at it for possible downwards movement of ripple towards 0.25246 and a possible breakout below it for a further decline in price. My advice, wait for the correction to 0.30813 and a rejection at it then short XRP around it with your take profit at 0.25246 and stop loss slightly above 0.30813.Continu short after a breakout below 0.25246 and a correction to it confirming further downwards movement of price. Only short positions can be advisable.

Trade signal

Sell Ripple at 0.30813 towards 0.25246.

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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.