XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.
The bearish trend down to the next support line at 2.257200000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2.367000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Hanging Man’ candle pattern is discovered. The candles show ‘Hanging Man’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Hanging Man’ going down is 59% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.474300000 |
| 2nd High | 2.468300000 |
| Next High | 2.367000000 |
| Current Price | 2.326200000 |
| Next Low | 2.257200000 |
| 2nd Low | 1.995400000 |
| 3rd Low | 1.900000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Hanging Man