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Technical analysis by Supachai-Taechapisit about Symbol XRP: Sell recommendation (1/18/2025)

https://sahmeto.com/message/3174995
Supachai-Taechapisit
Supachai-Taechapisit
Rank: 26772
0.6
Sell،Technical،Supachai-Taechapisit

Here's a concise analysis of the XRP/USDT 12H chart:Technical Setup:- Price in descending parallel channel (blue lines)- Currently at: 3.1666 USDT (-3.82%)- High volume (263.81M)- Notable Fibonacci levels marked: 0.5 and 0.66Price Action Forecast (marked in yellow):- Potential sideways consolidation with volatile swings- Range between 2.8-3.2 USDT- Risk of -18.76% downside noted (-0.5948)Key Levels:- Resistance: 3.4 (0 Fib level)- Support: 2.8 (0.5 Fib level)- Critical Support: 2.6 (0.66 Fib level)Trading Note:Caution advised - chart shows possible distribution pattern with high volume. Wait for clear direction before taking position.IM WAITING XRP AT 2.6 - 2.4DONE 20%

Translated from: English
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Signal Type: Sell
Time Frame:
12 ساعت
Price at Publish Time:
$3.16
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