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

24 September 2018, XRP

Wait for a correction to 0.52169-0.50732

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

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