XRP Sell a break setup.
Updated
XRPUSDT - Intraday - We look to Sell a break of 0.5088 (stop at 0.5353)
Short term bias is bearish.
Short term RSI has turned negative.
We look for losses to be extended today.
Our outlook is bearish.
A break of 0.5100 is needed to confirm follow through negative momentum.
A higher correction is expected.
Our profit targets will be 0.4307 and 0.4108
Resistance: 0.5600 / 0.6000 / 0.6200
Support: 0.5100 / 0.4700 / 0.4250
Short term bias is bearish.
Short term RSI has turned negative.
We look for losses to be extended today.
Our outlook is bearish.
A break of 0.5100 is needed to confirm follow through negative momentum.
A higher correction is expected.
Our profit targets will be 0.4307 and 0.4108
Resistance: 0.5600 / 0.6000 / 0.6200
Support: 0.5100 / 0.4700 / 0.4250
Trade active
Trade closed: stop reached
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