Elliott waves crypto analysis – Look for a buy positioon


Look for a buy positioon

Wave Analysis

During the previous trading day, Ripple went slightly lower than expected and is now trading below a daily support level 0.4275. This is a key level and unless there’s a clear breakout below it, we expect a possible rebound from it to look for a long position. The idea is not to look for a long position now, but to wait for price to get back above 0.4275 and then pick a low risk long position with your first target at 1.142 and the next at 2.875. Only if the price can remain below 0.4275 will we consider picking a short order.

Trade Recommendations:

Look for a buy positioon

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