XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at 3.020000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 3.578700000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.660700000 |
| 2nd High | 3.649500000 |
| Next High | 3.578700000 |
| Current Price | 3.164200000 |
| Next Low | 3.020000000 |
| 2nd Low | 2.987300000 |
| 3rd Low | 2.877400000 |
3.578700000 – 3.649500000 – 3.580900000 – 3.020000000 – 3.421800000 – 3.499600000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – –