XRP/USDT – 1H – SELLThe combination goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 0.521400000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.530500000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.51135 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.530500000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.536700000 |
| 2nd High | 0.533800000 |
| Next High | 0.530500000 |
| Current Price | 0.524800000 |
| Next Low | 0.521400000 |
| 2nd Low | 0.505700000 |
| 3rd Low | 0.486000000 |