XRP/USDT – 30M – SELLThe combination moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 0.562000000 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.593400000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.5777 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.593400000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.600300000 |
| 2nd High | 0.599200000 |
| Next High | 0.593400000 |
| Current Price | 0.583200000 |
| Next Low | 0.562000000 |
| 2nd Low | 0.559800000 |
| 3rd Low | 0.555600000 |