XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 2.818400000 will continue.
Caution: A possible change in the direction of the resistance line at 3.038000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.147200000 |
| 2nd High | 3.096900000 |
| Next High | 3.038000000 |
| Current Price | 2.943200000 |
| Next Low | 2.818400000 |
| 2nd Low | 2.803800000 |
| 3rd Low | 2.763700000 |
3.038000000 – 3.096900000 – 3.147200000 – 2.818400000 – 2.848800000 – 2.940400000 — 54.315919620193 – 52.746303018896
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Triple bottom chart pattern – –