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Ripple coin Bear flag is forming
XRP
Short
Ripple coin Bear flag is forming
By velmunis
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Updated
Sep 16, 2020
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Sep 13, 2020
XRPUSD
Bear flag is forming at four-hour chart. And the price is currently trading below the 50,100,200 exponential moving average.
The current level is below 50% Fibonacci retracement level. 61.8% Fibonacci will be act as resistance for bearish trend.
On upside 0.31000 will be a major resistance level. On downside the target would be 0.21000.
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Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
Sep 16, 2020
Trade active
Its in downtrend
Fibonacci
Support and Resistance
Trend Lines
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xrpusdanalysis
xrpusdforecast
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