XRP/USDT – 30M – SELLThe combination moves from the ascending trendline down.
A bearish movement down to the next support level at 0.576300000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.593000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.57825 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.593000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.599200000 |
| 2nd High | 0.594500000 |
| Next High | 0.593000000 |
| Current Price | 0.585100000 |
| Next Low | 0.576300000 |
| 2nd Low | 0.562000000 |
| 3rd Low | 0.559800000 |