XRP/USDT – 1H – SELLIn addition a ‘Double top chart pattern’ chart pattern is discovered. The chart picture forms ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 2.955500000 is expected.
Caution: A possible change in the direction of resistance at 3.178400000 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘RSI fall below 30’ indicator signal is discovered. The indicator is ‘RSI fall below 30’. this is usually a bearish chart scenario. The pair is likely to go down.
In addition a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘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 success rate of a ‘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 –