XRP/USDT – 4H – BUYThe pair breaks through the descending trendline upwards
A bullish movement upwards to the next resistance level at 0.555600000 is expected.
Caution: A possible counter-trend in the direction of the support zone at 0.525200000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.5556 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.555600000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.664900000 |
| Next High | 0.555600000 |
| Current Price | 0.549300000 |
| Next Low | 0.525200000 |
| 2nd Low | 0.520900000 |
| 3rd Low | 0.506800000 |