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

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

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.