XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 1.3712 is considered certain.
Caution: A possible change in the direction of the resistance zone at 1.3931 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Evening Star’ candlestick pattern is discovered. The candles show ‘Evening Star’. 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 ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4427 |
| 2nd High | 1.4071 |
| Next High | 1.3931 |
| Current Price | 1.368600000 |
| Next Low | 1.3712 |
| 2nd Low | 1.365 |
| 3rd Low | 1.333 |
1.3931 – 1.4071 – 1.4427 – 1.3712 – 1.3855 – 1.3938 —
1.385300000 – 1.376100000 —
47.06185029581 – 40.999403367426 —
– —
1.3931 – 1774220400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Evening Star – – –