XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline down.
A descending movement down to the next support line at 2.803800000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Two Crows’ candlestick pattern is found. The candles form ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 3.553100000 |
| Next Low | 2.803800000 |
| 2nd Low | 2.763700000 |
| 3rd Low | 2.662900000 |
2.946200000 – 3.035000000 – 2.894900000 – 2.803800000 – 2.763700000 – 2.662900000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Two Crows – Triple bottom chart pattern