XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 1.4097 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.5442 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. this 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6339 |
| 2nd High | 1.6122 |
| Next High | 1.5442 |
| Current Price | 1.417000000 |
| Next Low | 1.4097 |
| 2nd Low | 1.1172 |
| 3rd Low |
1.5442 – 1.6122 – 1.6339 – 1.4097 – 1.1172 – 1.5274 —
1.448800000 – 1.438300000 —
52.399239386085 – 50.948742353605 —
– —
1.5442 – 1770390000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Double top chart pattern – –