Ripple price still negative – Analysis - 17-05-2018

Economies.com
2018-05-17 02:02AM UTC

Ripple price fluctuates around the EMA50, and stochastic continues to move inside the overbought areas, noting that the negative effect of the double top pattern still active, waiting to target 0.65 followed by 0.58 levels as next main stations.

 

On the other hand, we should note that breaching 0.77 followed by 0.84 levels will stop the expected decline and push the price to rise again.

 

Expected trading range for today is between 0.50 support and 0.80 resistance

Expected trend for today: Bearish

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