XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards
A bearish descent downwards to the next support at 1.3901 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.4222 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Tweezers Top’ chart pattern is detected. The chart forms ‘Tweezers Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4503 |
| 2nd High | 1.4466 |
| Next High | 1.4222 |
| Current Price | 1.419200000 |
| Next Low | 1.3901 |
| 2nd Low | 1.3829 |
| 3rd Low | 1.3814 |
1.4222 – 1.4206 – 1.41 – 1.3901 – 1.3929 – 1.3829 —
1.414100000 – 1.421400000 —
52.327986616958 – 60.164412519137 —
– —
1.4222 – 1778014800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Tweezers Top – – –