Sell XRP/USDT – 1H – SELL

The pair Ripple/Tether (XRP/USDT) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 1.1042 will continue.

Caution: A possible change in the direction of resistance at 1.1866 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

And also a ‘Two Crows’ candle chart pattern is existing. The chart forms ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

Support & Resistance Price Range*
3rd High 1.3484
2nd High 1.2491
Next High 1.1866
Current Price 1.141300000
Next Low 1.1042
2nd Low 1.0884
3rd Low

1.1376 – 1.1866 – 1.1719 – 1.1042 – 1.0884 – 1.1187 —
1.150000000 – 1.151900000 —
63.381790521042 – 59.659996340447 —
– —
1.1376 – 1781096400

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