XRP/USDT – 4H – SELLThe combination jumps from the ascending trendline downwards
A bearish movement down to the next support level at 0.573900000 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.612800000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.5728712 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 0.612800000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.643400000 |
| 2nd High | 0.631000000 |
| Next High | 0.612800000 |
| Current Price | 0.586400000 |
| Next Low | 0.573900000 |
| 2nd Low | 0.562000000 |
| 3rd Low | 0.559800000 |