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
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Harami