Cryptoidea
XRPUSDT ( BREKOUT ASCENDING CHANNEL ) (4H)XRPUSDT
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below turning level at 0.51 .
TURNING LEVEL : the price of this level at 0.51 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) .
RESISTANCE ZONE : this zone between 0.56 and 0.61 , in order to see this zone the price need breaking turning level at 0.51 , breaking this price indicates an increase and reaching the resistance level (1) at 0.56 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 0.61 , after breaking this zone it will be attempt to reach resistance level (3) at 0.65 , selling have already increase in this zone .
SUPPORT ZONE : this zone between 0.44 & 0.39 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 0.44 , then breaking this level by open 4h or 1h candle below this easily to touch a support level (2) at 0.39 .
CORRECTIVE : the price corrective at 0.51, before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 0.56 , 0.61 , 0.65 .
SUPPORT LEVEL :0.44 ,0.39 .