XRP/USDT – 4H – SELLThe combination moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at 0.562000000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.593400000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.55945 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.593400000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.631000000 |
| 2nd High | 0.599200000 |
| Next High | 0.593400000 |
| Current Price | 0.579000000 |
| Next Low | 0.562000000 |
| 2nd Low | 0.559800000 |
| 3rd Low | 0.523100000 |