XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 2.981400000 will persist.
Caution: A possible trend reversal in the direction of resistance at 3.139700000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.351200000 |
| 2nd High | 3.185800000 |
| Next High | 3.139700000 |
| Current Price | 2.981700000 |
| Next Low | 2.981400000 |
| 2nd Low | 2.964200000 |
| 3rd Low | 2.953200000 |
3.139700000 – 3.112000000 – 3.058600000 – 3.023200000 – 3.055800000 – 2.981400000 — 38.869085644268 – 34.107125173562
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – – –