XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support at 2.235100000 is expected.
Caution: A possible trend reversal in the direction of resistance at 2.398600000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Two Crows’ candlestick chart pattern is discovered. The candles show ‘Two Crows’. which 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’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.474300000 |
| 2nd High | 2.468300000 |
| Next High | 2.398600000 |
| Current Price | 2.279300000 |
| Next Low | 2.235100000 |
| 2nd Low | 2.200100000 |
| 3rd Low | 2.090100000 |