The combination Ripple/Tether (XRP/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support at 2.133400000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2.237900000 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 2.332500000 |
2nd High | 2.317300000 |
Next High | 2.237900000 |
Current Price | 2.187600000 |
Next Low | 2.133400000 |
2nd Low | 2.114900000 |
3rd Low | 1.900000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows