XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
The bearish trend down to the next support line at 3.403800000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 3.580900000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3.660700000 |
| Next High | 3.580900000 |
| Current Price | 3.576500000 |
| Next Low | 3.403800000 |
| 2nd Low | 3.380000000 |
| 3rd Low | 3.354700000 |
3.580900000 – 3.557900000 – 3.535200000 – 3.403800000 – 3.380000000 – 3.354700000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern