XRP/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.3182 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 1.3538 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Falling Window’ candlestick chart pattern is found. The chart forms ‘Falling Window’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3683 |
| 2nd High | 1.3577 |
| Next High | 1.3538 |
| Current Price | 1.335700000 |
| Next Low | 1.2787 |
| 2nd Low | 1.27 |
| 3rd Low | 1.1172 |
1.3538 – 1.3577 – 1.349 – 1.2787 – 1.2957 – 1.3067 —
1.343900000 – 1.343500000 —
48.786477568046 – 48.635974459338 —
– —
1.3538 – 1775491200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Falling Window – Rising Wedge Chart Pattern – –