XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support at 2.818400000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 3.038000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Two Crows’ candle pattern is detected. The candles show ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.147200000 |
| 2nd High | 3.096900000 |
| Next High | 3.038000000 |
| Current Price | 2.951200000 |
| Next Low | 2.818400000 |
| 2nd Low | 2.803800000 |
| 3rd Low | 2.763700000 |
2.914200000 – 3.038000000 – 3.096900000 – 2.818400000 – 2.848800000 – 2.973100000 — 55.403071755051 – 54.407845967461
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Triple bottom chart pattern – –