XRP/USDT – 4H – SELLThe combination Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A bearish trend down to the next support level at 1.1172 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.3661 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3862 |
| 2nd High | 1.3762 |
| Next High | 1.3661 |
| Current Price | 1.218500000 |
| Next Low | 1.1172 |
| 2nd Low | |
| 3rd Low |
1.3661 – 1.3762 – 1.3862 – 1.2677 – 1.3019 – 1.3477 —
1.289800000 – 1.245700000 —
31.278114241259 – 37.236102364218 —
– —
1.3661 – 1780099200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –