XRP/USDT – 4H – SELLThe currency pair moves from the ascending trendline downwards
A bearish trend downwards to the next support at 0.562000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.664900000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.562 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 0.664900000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.664900000 |
| Current Price | 0.570800000 |
| Next Low | 0.562000000 |
| 2nd Low | 0.559800000 |
| 3rd Low | 0.523100000 |