XRP/USDT – 1H – SELLIn addition a ‘Double top chart pattern’ chart pattern is detected. The chart shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The combination Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards
A bearish trend down to the next support line at 2.955500000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 3.178400000 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘RSI fall below 30’ indicator signal is detected. The indicator is ‘RSI fall below 30’. which is often a bearish chart scenario. The currency pair is likely to fall.
In addition a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.330800000 |
| 2nd High | 3.185600000 |
| Next High | 3.178400000 |
| Current Price | 2.993900000 |
| Next Low | 2.955500000 |
| 2nd Low | 2.803800000 |
| 3rd Low | 2.763700000 |
3.178400000 – 3.162100000 – 3.185600000 – 3.001000000 – 3.053300000 – 3.078800000 — 30.750164327986 – 26.771067713812
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Double top chart pattern –