XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support line at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.6122 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Dark Cloud Cover’ chart pattern is discovered. The chart forms ‘Dark Cloud Cover’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Dark Cloud Cover’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.9378 |
| 2nd High | 1.6339 |
| Next High | 1.6122 |
| Current Price | 1.280300000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.6122 – 1.6339 – 1.9378 – 1.5274 – 1.5879 – 1.7107 —
1.449800000 – 1.386800000 —
23.853039424693 – 17.090073382216 —
– —
1.6122 – 1770192000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Dark Cloud Cover – – –