XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards
A descent downwards to the next support line at 2.257200000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 2.468300000 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Tweezers Top’ chart pattern is existing. The candles show ‘Tweezers Top’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.728100000 |
| 2nd High | 2.474300000 |
| Next High | 2.468300000 |
| Current Price | 2.335500000 |
| Next Low | 2.257200000 |
| 2nd Low | 2.090100000 |
| 3rd Low | 2.016000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Tweezers Top