Remain flat temporarily. | 10 September 2018

Technical observation

Ripple is currently rallying in between a resistance 0.29956 and a support 0.25542,I expect a pullback to the line followed by a rejection of price at it for bullish momentum. In case price does not correct to the line and instead rallies down towards 0.25542 and breaches below it, wait for a confirmation of bearish momentum of price before you pick short positions. Remain flat temporarily and wait for either a pullback to 0.29956 or a breach below 0.25542 to trade Ripple. Long positions may only be recommended in case of a breakout above 0.29956 with a big green candle followed by a correction to it.

Trade signal

Remain flat temporarily.

101% Double the volume

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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.