XRP/USDT – 30M – SELLIn addition a ‘Double top chart pattern’ chart pattern is found. The formation shows ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.
A descent downwards to the next support line at 2.964200000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 3.009100000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Inside Down’ candle pattern is detected. The chart forms ‘Three Inside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.185800000 |
| 2nd High | 3.139700000 |
| Next High | 3.009100000 |
| Current Price | 2.977600000 |
| Next Low | 2.964200000 |
| 2nd Low | 2.953200000 |
| 3rd Low | 2.935700000 |
3.009100000 – 3.139700000 – 3.112000000 – 2.978400000 – 3.023200000 – 3.055800000 — 49.699683561977 – 43.458561046235
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Inside Down – Double top chart pattern – –