XRP/USDT – 30M – BUYThe pair Ripple/Tether (XRP/USDT) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 2.169500000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 2.197600000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Outside Down’ candlestick pattern is detected. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.237900000 |
| 2nd High | 2.207600000 |
| Next High | 2.197600000 |
| Current Price | 2.163000000 |
| Next Low | 2.169500000 |
| 2nd Low | 2.133400000 |
| 3rd Low | 2.114900000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down