XRP/USDT – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 2.3667444 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 2.452200000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Two Crows’ candlestick pattern is discovered. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.909200000 |
| 2nd High | 2.728100000 |
| Next High | 2.452200000 |
| Current Price | 2.442800000 |
| Next Low | 2.366200000 |
| 2nd Low | 2.364100000 |
| 3rd Low | 2.343400000 |