XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A descent down to the next support line at 2.196000000 will continue.
Caution: A possible change in the direction of the resistance line at 2.354300000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.360000000 |
| 2nd High | 2.359300000 |
| Next High | 2.354300000 |
| Current Price | 2.265100000 |
| Next Low | 2.196000000 |
| 2nd Low | 2.165000000 |
| 3rd Low | 2.078200000 |
2.313500000 – 2.327100000 – 2.219800000 – 2.196000000 – 2.239000000 – 2.165000000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Black Crows – Double top chart pattern