XRP/USDT – 4H – SELLThe combination jumps from the ascending trendline down.
A descending movement down to the next support at 0.525200000 is considered certain.
Caution: A possible change in the direction of the resistance line at 0.555600000 could happen.
Consider stop-loss settings accordingly.
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 0.5312 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.555600000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.664900000 |
| Next High | 0.555600000 |
| Current Price | 0.543000000 |
| Next Low | 0.525200000 |
| 2nd Low | 0.520900000 |
| 3rd Low | 0.506800000 |