Wait for a correction to 0.52169-0.50732 | 24 September 2018

Technical observation

On the daily chart above, Ripple rose steadily towards the resistance 0.73859 and is still on an increasing bullish bias. I expect a correction to the just broken zone 0.52169-0.50732 followed by a rejection of price within it for possible upwards movement of price towards 0.73859 and a breakout above it for a further rise in. Wait for the correction to 0.52169-0.50732 and a rejection within it then pick long position within it with your take profit at 0.73859 and stop loss slightly below 0.50732.Should there be a clear breach above 0.73859 with a big green candle, wait for a correction to it before you continue long with Ripple.

Trade signal

Wait for a correction to 0.52169-0.50732 to buy 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.