XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards
A descent down to the next support at 2.175000000 is certain.
Caution: A possible counter-trend in the direction of resistance at 2.229600000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Outside Down’ candle pattern is found. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.337900000 |
| 2nd High | 2.337000000 |
| Next High | 2.229600000 |
| Current Price | 2.188900000 |
| Next Low | 2.175000000 |
| 2nd Low | 2.172000000 |
| 3rd Low | 1.908300000 |
2.229600000 – 2.188900000 – 2.033100000 – 2.175000000 – 2.172000000 – 1.908300000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Outside Down