XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards
A descending movement downwards to the next support at 2.196000000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 2.313500000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Two Crows’ chart pattern is existing. The chart shows ‘Two 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 chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.337000000 |
| 2nd High | 2.327100000 |
| Next High | 2.313500000 |
| Current Price | 2.271500000 |
| Next Low | 2.196000000 |
| 2nd Low | 2.165000000 |
| 3rd Low | 2.078200000 |
2.313500000 – 2.327100000 – 2.219800000 – 2.196000000 – 2.239000000 – 2.165000000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern