XRP Potential Short

20 дек. 2023 г.

In this chart, the reigning bearish candle has a closing price of 0.61528 and corresponding RSI value also closed at 52.06%. When compared to the recent bearish candle, which at the moment is trying to close at a price below reigning candle's price with an RSI value also below 52.06%, this could indicate that the next candles could break down the bearish line (red line), and the price could attempt to target 0.60724 and 0.59743 levels.

I would enter a SHORT order once the price breaks the bearish line and the 0.61374 level.

However, a retest of the area between 0.61374 and 0.60724 could also happen and price may then follow the red line path.

/please DYOR/trade at your own risk