XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
The bearish trend down to the next support at 1.382000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.524300000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.3525244 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 1.524300000 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.595400000 |
| 2nd High | 1.539300000 |
| Next High | 1.524300000 |
| Current Price | 1.427400000 |
| Next Low | 1.382000000 |
| 2nd Low | 1.373200000 |
| 3rd Low | 1.355000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows