The combination Ripple/Tether (XRP/USDT) jumps from the ascending trendline down.
The bearish trend downwards to the next support level at 2.257700000 will continue.
Caution: A possible change in the direction of the resistance zone at 2.367000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish Harami’ candlestick pattern is found. The chart forms ‘Bearish Harami’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 2.474300000 |
2nd High | 2.468300000 |
Next High | 2.367000000 |
Current Price | 2.291400000 |
Next Low | 2.257700000 |
2nd Low | 2.257200000 |
3rd Low | 2.090100000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Harami