XRP/USDT – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 2.3667444 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 2.452200000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Two Crows’ candlestick chart pattern is discovered. The candles form ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.909200000 |
| 2nd High | 2.728100000 |
| Next High | 2.452200000 |
| Current Price | 2.442800000 |
| Next Low | 2.366200000 |
| 2nd Low | 2.364100000 |
| 3rd Low | 2.343400000 |