Price is approaching our first resistance (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support (61.8% Fibonacci retracement). Stochastic is also approaching resistance.
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XRPUSD is approaching our first resistance (horizontal overlap resistance, 50%, 78.6% Fibonacci retracement) where a strong drop to our support level (horizontal swing low support, 50% Fibonacci retracement) might occur.
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses...
XRPUSD is approaching our first support at 0.3245 (horizontal overlap support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic is also approaching...
XRPUSD is approaching our first resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 0.3479 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk....
XRPUSD is approaching our first resistance at 0.3261 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.2859 (horizontal swing low support).
RSI (21) is also approaching our resistance where we might see a further drop in price.
Trading CFDs on...
