XRP/USDT – 4H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 1.365 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.4427 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4935 |
| 2nd High | 1.4732 |
| Next High | 1.4427 |
| Current Price | 1.390300000 |
| Next Low | 1.365 |
| 2nd Low | 1.3218 |
| 3rd Low | 1.27 |
1.4427 – 1.4732 – 1.4332 – 1.365 – 1.3218 – 1.3341 —
1.424300000 – 1.404200000 —
61.266750387867 – 51.560738572487 —
– —
1.4427 – 1773144000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – – –