XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards
A bearish trend down to the next support at 3.023200000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 3.139700000 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Two Crows’ candlestick chart pattern is found. The candles form ‘Two 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.351200000 |
| 2nd High | 3.185800000 |
| Next High | 3.139700000 |
| Current Price | 3.031100000 |
| Next Low | 3.023200000 |
| 2nd Low | 2.981400000 |
| 3rd Low | 2.964200000 |
3.139700000 – 3.112000000 – 3.058600000 – 3.023200000 – 3.055800000 – 2.981400000 — 41.270639845155 – 40.252931860434
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – – –