XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline down.
A descent down to the next support line at 1.4235 will persist.
Caution: A possible change in the direction of the resistance zone at 1.51 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Shooting Star’ candlestick chart pattern is found. The candles form ‘Shooting Star’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6714 |
| 2nd High | 1.5414 |
| Next High | 1.51 |
| Current Price | 1.432100000 |
| Next Low | 1.4235 |
| 2nd Low | 1.4225 |
| 3rd Low | 1.3928 |
1.51 – 1.4664 – 1.4156 – 1.4235 – 1.4246 – 1.4225 —
1.428700000 – 1.438400000 —
30.091365614717 – 49.716449596991 —
– —
1.51 – 1776436200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Shooting Star – – –