XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A descending movement downwards to the next support line at 2.090100000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 2.468300000 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Three Inside Down’ candlestick chart pattern is discovered. The chart forms ‘Three Inside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.728100000 |
| 2nd High | 2.474300000 |
| Next High | 2.468300000 |
| Current Price | 2.271200000 |
| Next Low | 2.090100000 |
| 2nd Low | 2.016000000 |
| 3rd Low | 1.995400000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Inside Down