XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A descending movement down to the next support level at 2.133400000 is likely expected.
Caution: A possible change in the direction of the resistance line at 2.237900000 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Harami’ candle chart pattern is existing. The candles form ‘Bearish Harami’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.332500000 |
| 2nd High | 2.317300000 |
| Next High | 2.237900000 |
| Current Price | 2.188700000 |
| Next Low | 2.133400000 |
| 2nd Low | 2.114900000 |
| 3rd Low | 1.900000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Harami