XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support at 2.969700000 is considered certain.
Caution: A possible change in the direction of the resistance line at 3.088600000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 3.029372 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 3.088600000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.147200000 |
| 2nd High | 3.105600000 |
| Next High | 3.088600000 |
| Current Price | 3.018000000 |
| Next Low | 2.969700000 |
| 2nd Low | 2.782600000 |
| 3rd Low | 2.763700000 |
3.088600000 – 3.105600000 – 2.989600000 – 2.969700000 – 2.782600000 – 2.818400000 — 50.102938722609 – 46.804852355769
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – – Rising Wedge Chart Pattern – –