Technical crypto analysis based on breakout – Sell Ripple within 0.28365-0.28041


Sell Ripple within 0.28365-0.28041

Technical observation

Ripple is trading around the resistance zone 0.28365-0.28041, I expect a correction to the zone followed by a rejection within it for downwards movement of price towards the resistance 0.25249 and a possible breakout below it for a further decline in price. I’m looking to pick short positions within the zone with my take profit at 0.25429 and stop loss slightly above 0.28365.Should there be a breakout above the above mentioned zone with a big green candle, wait for a correction to it confirming possible bullish momentum towards the resistance line 0.34658 before you pick long positions towards it.

Trade signal

Sell Ripple within 0.28365-0.28041 with your take profit at 0.25249 and stop loss slightly above 0.28365.

101% Double the volume

All bonus participates in drawdown!

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