XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 2.284000000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 2.728100000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 2.909200000 |
| Next High | 2.728100000 |
| Current Price | 2.241700000 |
| Next Low | 2.284000000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows