XRP/USDT – 4H – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 1.409 is expected.
Caution: A possible counter-trend in the direction of resistance at 1.4503 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Tweezers Top’ candle pattern is found. The chart shows ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51 |
| 2nd High | 1.4626 |
| Next High | 1.4503 |
| Current Price | 1.427100000 |
| Next Low | 1.409 |
| 2nd Low | 1.3909 |
| 3rd Low | 1.3193 |
1.4503 – 1.4626 – 1.51 – 1.409 – 1.3909 – 1.3193 —
1.437100000 – 1.429900000 —
48.855699405016 – 49.487673370433 —
– —
1.4503 – 1777046400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Tweezers Top – Symmetrical Triangle Chart Pattern – –