XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the ascending trendline downwards
The bearish trend down to the next support line at 2.001200000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 2.465600000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 2.0012 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 2.465600000 could occur.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. 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 | 2.680000000 |
| 2nd High | 2.646900000 |
| Next High | 2.465600000 |
| Current Price | 2.077000000 |
| Next Low | 2.001200000 |
| 2nd Low | 1.673900000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows