XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) moves from the bullish trendline down.
A descent downwards to the next support at 2.222300000 will persist.
Caution: A possible change in the direction of the resistance zone at 2.329300000 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Two Crows’ candlestick pattern is found. The chart shows ‘Two Crows’. 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.359300000 |
| 2nd High | 2.354300000 |
| Next High | 2.329300000 |
| Current Price | 2.298500000 |
| Next Low | 2.222300000 |
| 2nd Low | 2.166100000 |
| 3rd Low | 2.147500000 |
2.329300000 – 2.298800000 – 2.224800000 – 2.222300000 – 2.166100000 – 2.172300000