Sell XRP/USDT – 30M – SELL

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

A bearish descent downwards to the next support at 2.257700000 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 2.367000000 could occur.
Consider stop-loss settings accordingly.

Then a ‘Bearish Harami’ candle chart pattern is found. The candles form ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

Support & Resistance Price Range*
3rd High 2.474300000
2nd High 2.468300000
Next High 2.367000000
Current Price 2.313900000
Next Low 2.257700000
2nd Low 2.257200000
3rd Low 2.090100000

Download XRP/USDT Signal Image

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