The currency pair Ripple/Tether (XRP/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.1551 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.1369 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.1551 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1923 |
| 2nd High | 1.1825 |
| Next High | 1.1551 |
| Current Price | 1.143500000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.1551 – 1.144 – 1.153 – 1.1275 – 1.1187 – 1.1329 —
1.147200000 – 1.149000000 —
42.289031403651 – 54.919433594441 —
– —
1.1551 – 1781931600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – – Symmetrical Triangle Chart Pattern – –