The combination Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
The bearish trend downwards to the next support line at 2.133400000 will continue.
Caution: A possible change in the direction of the resistance zone at 2.197600000 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Harami’ candle chart pattern is found. The candles show ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 2.237900000 |
2nd High | 2.207600000 |
Next High | 2.197600000 |
Current Price | 2.164800000 |
Next Low | 2.133400000 |
2nd Low | 2.114900000 |
3rd Low | 1.900000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Harami