XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support at 2.840700000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 2.946200000 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. this 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.035000000 |
| 2nd High | 2.963700000 |
| Next High | 2.946200000 |
| Current Price | 2.895200000 |
| Next Low | 2.840700000 |
| 2nd Low | 2.803800000 |
| 3rd Low | 2.763700000 |
2.946200000 – 2.963700000 – 3.035000000 – 2.840700000 – 2.803800000 – 2.763700000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Black Crows –