XRP/USDT – 1H – SELLThe combination jumps from the bullish trendline downwards
A bearish movement downwards to the next support at 0.607600000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.654800000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.593374 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.654800000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.664900000 |
| Next High | 0.654800000 |
| Current Price | 0.611400000 |
| Next Low | 0.607600000 |
| 2nd Low | 0.584000000 |
| 3rd Low | 0.573900000 |