XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at is certain.
Caution: A possible trend reversal in the direction of resistance at 2.353700000 could happen.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.
And also a ‘Two Crows’ candlestick pattern is discovered. The candles form ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.359300000 |
| 2nd High | 2.354300000 |
| Next High | 2.353700000 |
| Current Price | 2.261700000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.353700000 – 2.279000000 – 2.228800000 – 2.255200000 – 2.209700000 – 2.196000000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Two Crows –