XRPUSDT / REMAIN BELOW ASCENDING CHANNEL - 4H
Updated
XRPUSDT - 4H
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 0.58 .
The prices are currently trading below the ascending channel and are likely to attempt a retest to reach the turning point at 0.58 before beginning a decline toward the support level at 0.54, with a further drop expected down to 0.52.
However, if the 0.58 level is broken and a 4-hour candle closes above it, the price may rise toward the first resistance level at 0.62, and potentially further to 0.65
KEY LEVELS :
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 0.58 .
The prices are currently trading below the ascending channel and are likely to attempt a retest to reach the turning point at 0.58 before beginning a decline toward the support level at 0.54, with a further drop expected down to 0.52.
However, if the 0.58 level is broken and a 4-hour candle closes above it, the price may rise toward the first resistance level at 0.62, and potentially further to 0.65
KEY LEVELS :
- Turning Level : 0.58 .
- Resistance Levels : 0.62 , 0.65 .
- Support Levels : 0.54 , 0.52 .
Trade closed: target reached
reached first target + 390 pip profit .Trade closed: target reached
reached full target + 690 pip.
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