Sell around 0.30813 | 07 September 2018

Technical observation

Ripple broke below a support line 0.30813 and is currently rallying below it.I expect a correction to the just broken line followed by a rejection of price at it for downwards movements. Wait for the rejection of price at or around 0.30813 to pick short positions towards 0.25246.Should there be a breakout below 0.25246, wait for a correction to it confirm further bearish momentum of Ripple before you continue short with the crypto. Long positions may only be recommended in case of a clear breakout above 0.30813 with a big green candle followed by a retracement to it confirming upwards movement of price.

Trade signal

Sell Ripple around 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.