The currency pair Ripple/Tether (XRP/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support line at is considered certain.
Caution: A possible change in the direction of resistance at 1.4732 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.
And also a ‘Two Crows’ candlestick chart pattern is discovered. The candles show ‘Two Crows’. which is a bearish pattern signal. The 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 | 1.6714 |
| 2nd High | 1.4935 |
| Next High | 1.4732 |
| Current Price | 1.378400000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.4732 – 1.4332 – 1.4935 – 1.3218 – 1.3341 – 1.27 —
1.384100000 – 1.395000000 —
52.635534606601 – 53.045991602711 —
– —
1.4732 – 1772640000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –