Sell XRP/USDT – 1H – SELL

The pair Ripple/Tether (XRP/USDT) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 2.114900000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 2.207600000 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High 2.317300000
2nd High 2.237900000
Next High 2.207600000
Current Price 2.172300000
Next Low 2.114900000
2nd Low 1.900000000
3rd Low 1.429200000

Download XRP/USDT Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals