XRP/USDT – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 2.3667444 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 2.452200000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Two Crows’ chart pattern is discovered. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 |