XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline down.
A descending movement down to the next support line at 1.429200000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Evening Star’ candle pattern is discovered. The chart shows ‘Evening Star’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Evening Star’ going down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.709900000 |
| Next Low | 1.429200000 |
| 2nd Low | 1.352400000 |
| 3rd Low | 1.332700000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Evening Star