XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 1.277500000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.539300000 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. 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 | 1.630000000 |
| 2nd High | 1.595400000 |
| Next High | 1.539300000 |
| Current Price | 1.420300000 |
| Next Low | 1.277500000 |
| 2nd Low | 1.095300000 |
| 3rd Low | 1.065000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows