XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at 2.484300000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 2.619600000 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Evening Star’ candlestick chart pattern is existing. The chart forms ‘Evening Star’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.909200000 |
| 2nd High | 2.680000000 |
| Next High | 2.619600000 |
| Current Price | 2.580500000 |
| Next Low | 2.484300000 |
| 2nd Low | 2.174300000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Evening Star