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.
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.
Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
Trade active:
Its in downtrend
