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easyMarkets
Dec 10, 2018 2:19 AM

XRPUSD approaching resistance, potential drop! Short

XRP / DollarBitfinex

Description

XRPUSD is approaching our first resistance at 0.4018 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.2523 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic (21,5,3) is also approaching our resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Comments
alexcph
I have a story for you about the Great Warrior BITCOIN. Read about what Path he chooses.

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