XRP/USDT – 30M – SELLThe combination goes from the ascending trendline downwards
A bearish descent downwards to the next support line at 0.582900000 is expected.
Caution: A possible change in the direction of the resistance zone at 0.592200000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.5814 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 0.592200000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.596000000 |
| 2nd High | 0.595700000 |
| Next High | 0.592200000 |
| Current Price | 0.583100000 |
| Next Low | 0.582900000 |
| 2nd Low | 0.581400000 |
| 3rd Low | 0.577800000 |