XRP/USDT – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support at 3.202600000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 3.335000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Additionally a ‘Three Black Crows’ chart pattern is found. 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 likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.382500000 |
| 2nd High | 3.347500000 |
| Next High | 3.335000000 |
| Current Price | 3.246600000 |
| Next Low | 3.202600000 |
| 2nd Low | 3.115200000 |
| 3rd Low | 2.964100000 |
3.335000000 – 3.306700000 – 3.334200000 – 3.202600000 – 3.115200000 – 3.152100000 — 49.599921257015 – 44.200201466403
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –