XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at 1.1172 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 1.4984 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6122 |
| 2nd High | 1.5442 |
| Next High | 1.4984 |
| Current Price | 1.453900000 |
| Next Low | 1.1172 |
| 2nd Low | |
| 3rd Low |
1.4984 – 1.5442 – 1.6122 – 1.1172 – 1.5274 – 1.7113 —
1.467300000 – 1.485300000 —
55.1561347136 – 55.862961759583 —
– —
1.4984 – 1770418800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – – –