XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards
A bearish trend downwards to the next support level at 1.031500000 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.147600000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.01255 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 1.147600000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.269800000 |
| Next High | 1.147600000 |
| Current Price | 1.126600000 |
| Next Low | 1.031500000 |
| 2nd Low | 1.002600000 |
| 3rd Low | 0.773100000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows