XRP/USDT – 1H – SELLThe combination goes from the ascending trendline downwards
A bearish movement down to the next support at 0.608800000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.654800000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.593374 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.654800000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.664900000 |
| Next High | 0.654800000 |
| Current Price | 0.610900000 |
| Next Low | 0.608800000 |
| 2nd Low | 0.607600000 |
| 3rd Low | 0.584000000 |