XRP/USDT – 4H – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 3.115200000 is expected.
Caution: A possible counter-trend in the direction of resistance at 3.334200000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Moreover a ‘Three Outside Down’ candlestick pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.649500000 |
| 2nd High | 3.382500000 |
| Next High | 3.334200000 |
| Current Price | 3.212700000 |
| Next Low | 3.115200000 |
| 2nd Low | 2.892000000 |
| 3rd Low | 2.196000000 |
3.334200000 – 3.382500000 – 3.178400000 – 3.115200000 – 2.892000000 – 2.955500000 — 52.194194613772 – 47.643964670164
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Double top chart pattern – –