XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 2.260100000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 2.320100000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.
Then a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.354300000 |
| 2nd High | 2.329300000 |
| Next High | 2.320100000 |
| Current Price | 2.289900000 |
| Next Low | 2.260100000 |
| 2nd Low | 2.222300000 |
| 3rd Low | 2.166100000 |
2.320100000 – 2.329300000 – 2.298800000 – 2.260100000 – 2.222300000 – 2.166100000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Outside Down