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Wait for a correction to 0.28365-0.28041 | 18 September 2018

18 September 2018, XRP

Wait for a correction to 0.28365-0.28041

Technical observation

Ripple has been trading on a bearish bias with several retracements at the resistance zone 0.28365-0.28041.Recently there was a correction to it and price could not penetrate above it and so was rejected before rallying down. I expect another pullback to the zone followed by a rejection within it for possible bearish momentum towards 0.25249.In case of a breakout below 0.25249, wait for a correction to it confirming further bearish movements of price before you continue short with Ripple. Right now wait for the correction to 0.28365-0.28041 to re-sell Ripple towards the key support line 0.25249 even further below.

Trade signal

Wait for a correction to 0.28365-0.28041 to re-sell Ripple.

101% Double the volume

!Attention!
All bonus participates in drawdown!
Imelda Maseno
Analyst of «FreshForex» company
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