Breaking News

XRP/USDT Potential Downward Movement

XRP/USDT Long-Term Trend: Bearish

Key Resistance Levels: 0.7305, 0.7672, 0.7921

Key Support Levels: 0.6943, 0.6512, 0.6500

1-Hour Chart:

The price is trending to the downside by posting lower lows and highs. A correction count has been posted to the resistance (previously support). We expect further movement to the downside in the same direction of the main trend.

XRP/USDT Medium-Term Trend: Bearish

15-mins Chart:

On the 15-mins time frame, the price is trading inside a bearish channel formation. A higher correction has been posted to the resistance around the 0.7292 USDT mark. We expect after this correction a move to the downside toward the target profit mentioned below.

Signal Idea:

Sell Stop Order @ 0.7275

TP 1 @ 0.6954

TP 2 @ 0.6943

Stop Loss @ 0.7434

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!

Free Robot!