XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 1.4239 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.4503 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51 |
| 2nd High | 1.4626 |
| Next High | 1.4503 |
| Current Price | 1.435600000 |
| Next Low | 1.4239 |
| 2nd Low | 1.409 |
| 3rd Low | 1.4089 |
1.4503 – 1.4457 – 1.441 – 1.4239 – 1.4258 – 1.409 —
1.442500000 – 1.443000000 —
55.904283627543 – 51.264601884887 —
– —
1.4503 – 1777046400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –