XRP/USDT – 4H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 1.0884 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 1.1866 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Two Crows’ candlestick pattern is existing. The chart shows ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3762 |
| 2nd High | 1.3661 |
| Next High | 1.1866 |
| Current Price | 1.143000000 |
| Next Low | 1.0884 |
| 2nd Low | |
| 3rd Low |
1.1866 – 1.3661 – 1.3762 – 1.0884 – 1.09 – 1.2677 —
1.135100000 – 1.156500000 —
47.690351763925 – 54.900315917461 —
– —
1.1866 – 1780934400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – – –