XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards
A descent downwards to the next support level at 2.940400000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 3.096900000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.156000000 |
| 2nd High | 3.147200000 |
| Next High | 3.096900000 |
| Current Price | 2.887400000 |
| Next Low | 2.940400000 |
| 2nd Low | 2.901400000 |
| 3rd Low | 2.892000000 |
3.096900000 – 3.147200000 – 3.156000000 – 2.940400000 – 3.082900000 – 3.002400000 — 28.631835913659 – 26.70978394891
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –