Wait for a pullback to sell | 25 September 2018

Technical observation

On the daily chart above, Ripple broke above a resistance zone 0.52039-0.50209 with a big green candle but price could not be contained above it and so it broke below the zone and is currently rallying down. I expect a correction of price to the just broken zone followed by a rejection of it within it for possible bearish momentum towards the key line 0.34661 and a possible breakout below it too. Wait for the correction to the zone then short this crypto on the second pullback to it just to ensure this was not a false breakout. Should price rise above the above mentioned zone, pick long positions within it towards 0.67457.

Trade signal

Wait for a pullback to 0.52039-0.50209 to trade 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.