XRP/USDT – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards
A descending movement downwards to the next support line at 3.380000000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 3.535200000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 3.4900532 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 3.535200000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two 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 probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.660700000 |
| 2nd High | 3.545000000 |
| Next High | 3.535200000 |
| Current Price | 3.507100000 |
| Next Low | 3.380000000 |
| 2nd Low | 3.354700000 |
| 3rd Low | 3.343900000 |
3.535200000 – 3.451300000 – 3.459400000 – 3.380000000 – 3.354700000 – 3.343900000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern