The currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards
The bearish trend down to the next support level at 1.995400000 is certain.
Caution: A possible counter-trend in the direction of resistance at 2.728100000 could occur.
Consider stop-loss settings accordingly.
And also a ‘Three White Soldiers’ candle chart pattern is detected. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 2.909200000 |
Next High | 2.728100000 |
Current Price | 2.397600000 |
Next Low | 1.995400000 |
2nd Low | 1.900000000 |
3rd Low | 1.283300000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three White Soldiers