XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 2.178600000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 2.219800000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.337000000 |
| 2nd High | 2.229600000 |
| Next High | 2.219800000 |
| Current Price | 2.189200000 |
| Next Low | 2.178600000 |
| 2nd Low | 2.078200000 |
| 3rd Low | 1.908300000 |
2.219800000 – 2.198000000 – 2.189700000 – 2.178600000 – 2.180200000 – 2.078200000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern