TradingView
easyMarkets
Dec 20, 2018 1:35 AM

XRPUSD reversed off resistance, potential for further drop! Short

XRP / DollarBitfinex

Description

XRPUSD reversed off our first resistance at 0.4072 (61.8% Fibonacci extension, 23.6% Fibonacci retracement , horizontal overlap resistance) where a further drop might occur below this level pushing price down to our major support at 0.3308 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) reversed off our resistance where we might see a further drop below this level.


Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
More