XRP/USDT – 4H – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 2.059100000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 2.337900000 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.478000000 |
| 2nd High | 2.359300000 |
| Next High | 2.337900000 |
| Current Price | 2.110900000 |
| Next Low | 2.059100000 |
| 2nd Low | 1.613400000 |
| 3rd Low |
2.337900000 – 2.282100000 – 2.359300000 – 2.059100000 – 2.079400000 – 2.266000000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Black Crows