Elliott waves crypto analysis – we’re in a short position

XRP –

we're in a short position

Wave Analysis

instead of a rebound from 0.4275, Ripple rallied lower and even went below this support and is still pretty much below this level, as long as the price is contained below this level, we except a possible impulsive wave count to the lower side and should break below 0.0605. If you’re not in a short position now, you can wait for a correction towards the just broken level to pick a low risk sell position with you target at 0.0605. A buy position can only be recommended in case the price breaks above 0.4275

Trade Recommendation:

we’re in a short position

101% Double the volume

!Attention!
All bonus participates in drawdown!

FreshForex cancels commissions!

You may check other analytical reviews on FreshForex website. Source: freshforex.com.

Tags:
Shares