XRP/USDT – 4H – SELLThe combination Ripple/Tether (XRP/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support level at 2.196000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 2.327100000 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
Also there is a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. this 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.337900000 |
| 2nd High | 2.337000000 |
| Next High | 2.327100000 |
| Current Price | 2.254400000 |
| Next Low | 2.196000000 |
| 2nd Low | 2.078200000 |
| 3rd Low | 1.908300000 |
2.327100000 – 2.229600000 – 2.337000000 – 2.196000000 – 2.078200000 – 1.908300000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern