XRP/USDT – 30M – BUYThe combination Ripple/Tether (XRP/USDT) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 2.271000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 2.305200000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.363000000 |
| 2nd High | 2.314700000 |
| Next High | 2.305200000 |
| Current Price | 2.290900000 |
| Next Low | 2.271000000 |
| 2nd Low | 2.250000000 |
| 3rd Low | 2.218400000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down