XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 1.87 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 2.0299 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Two Crows’ candlestick pattern is existing. The candles form ‘Two 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.0673 |
| 2nd High | 2.0661 |
| Next High | 2.0299 |
| Current Price | 1.879100000 |
| Next Low | 1.87 |
| 2nd Low | 1.2543 |
| 3rd Low |
1.9268 – 2.0299 – 2.0661 – 1.87 – 1.9191 – 2.0536 —
1.895600000 – 1.960900000 —
34.542591867849 – 70.056376284628 —
– —
1.92680 – 1768973400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Double top chart pattern – –