XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support line at 2.222300000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 2.298800000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Tweezers Top’ chart pattern is found. The candles form ‘Tweezers Top’. 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 probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.312500000 |
| 2nd High | 2.309500000 |
| Next High | 2.298800000 |
| Current Price | 2.315300000 |
| Next Low | 2.222300000 |
| 2nd Low | 2.166100000 |
| 3rd Low | 2.147500000 |
2.298800000 – 2.224800000 – 2.186800000 – 2.222300000 – 2.166100000 – 2.172300000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Tweezers Top