XRP/USDT – 4H – BUYThe pair jumps from the bearish trendline up.
A bullish trend upwards to the next resistance at 0.560800000 is expected.
Caution: A possible counter-trend in the direction of the support line at 0.511700000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.5235708 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.560800000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.664900000 |
| 2nd High | 0.562000000 |
| Next High | 0.560800000 |
| Current Price | 0.513900000 |
| Next Low | 0.511700000 |
| 2nd Low | 0.506800000 |
| 3rd Low |