XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
A bearish movement down to the next support at 2.222300000 is likely expected.
Caution: A possible change in the direction of the resistance line at 2.298800000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2.2422308 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 2.298800000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.354300000 |
| 2nd High | 2.312500000 |
| Next High | 2.298800000 |
| Current Price | 2.293900000 |
| Next Low | 2.222300000 |
| 2nd Low | 2.166100000 |
| 3rd Low | 2.147500000 |
2.298800000 – 2.191200000 – 2.190300000 – 2.222300000 – 2.166100000 – 2.147500000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Black Crows