XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support line at is certain.
Caution: A possible change in the direction of the resistance level at 2.191200000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.
Moreover a ‘Two Crows’ candle pattern is existing. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.282100000 |
| 2nd High | 2.226500000 |
| Next High | 2.191200000 |
| Current Price | 2.171300000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.191200000 – 2.190300000 – 2.226500000 – 2.147500000 – 2.059100000 – 2.135700000