XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at 2.762000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 2.832900000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Tweezers Top’ candle chart pattern is detected. The chart shows ‘Tweezers Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.869300000 |
| 2nd High | 2.839000000 |
| Next High | 2.832900000 |
| Current Price | 2.800500000 |
| Next Low | 2.762000000 |
| 2nd Low | 2.697500000 |
| 3rd Low | 2.662900000 |
2.832900000 – 2.839000000 – 2.869300000 – 2.762000000 – 2.697500000 – 2.701400000 — 51.906262112223 – 50.036419769266
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Tweezers Top – – –