XRP/USDT – 1H – SELLThe combination jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.573900000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.597200000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.58555 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.597200000 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.631000000 |
| 2nd High | 0.612800000 |
| Next High | 0.597200000 |
| Current Price | 0.589700000 |
| Next Low | 0.573900000 |
| 2nd Low | 0.562000000 |
| 3rd Low | 0.559800000 |