Sell Ripple within 0.28365-0.28041 | 17 September 2018

Technical observation

Ripple is trading around the resistance zone 0.28365-0.28041, I expect a correction to the zone followed by a rejection within it for downwards movement of price towards the resistance 0.25249 and a possible breakout below it for a further decline in price. I’m looking to pick short positions within the zone with my take profit at 0.25429 and stop loss slightly above 0.28365.Should there be a breakout above the above mentioned zone with a big green candle, wait for a correction to it confirming possible bullish momentum towards the resistance line 0.34658 before you pick long positions towards it.

Trade signal

Sell Ripple within 0.28365-0.28041 with your take profit at 0.25249 and stop loss slightly above 0.28365.

101% Double the volume

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.