XRP/USDT – 30M – SELLThe combination jumps from the ascending trendline down.
The bearish trend downwards to the next support at 0.536700000 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.549100000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.5371876 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 0.549100000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.627400000 |
| 2nd High | 0.555600000 |
| Next High | 0.549100000 |
| Current Price | 0.540600000 |
| Next Low | 0.536700000 |
| 2nd Low | 0.531500000 |
| 3rd Low | 0.525200000 |