XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards
A descent downwards to the next support at 1.4616 is certain.
Caution: A possible change in the direction of the resistance zone at 1.6714 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.89 |
| 2nd High | 1.7847 |
| Next High | 1.6714 |
| Current Price | 1.465300000 |
| Next Low | 1.4616 |
| 2nd Low | 1.4485 |
| 3rd Low | 1.4078 |
1.6714 – 1.4769 – 1.4285 – 1.4616 – 1.4485 – 1.4078 —
1.488900000 – 1.477100000 —
52.158481406979 – 40.647098224968 —
– —
1.6714 – 1771142400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Double bottom retreat down – –