XRP/USDT – 1H – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.3235 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 1.3683 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Two Crows’ candlestick chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4379 |
| 2nd High | 1.3726 |
| Next High | 1.3683 |
| Current Price | 1.339200000 |
| Next Low | 1.2787 |
| 2nd Low | 1.27 |
| 3rd Low | 1.1172 |
1.3226 – 1.3356 – 1.3683 – 1.2787 – 1.3067 – 1.3124 —
1.346500000 – 1.351200000 —
66.317950092965 – 66.660121672574 —
– —
1.3226 – 1775329200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – – –