XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 2.255200000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 2.353700000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘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 | 2.359300000 |
| 2nd High | 2.354300000 |
| Next High | 2.353700000 |
| Current Price | 2.258400000 |
| Next Low | 2.255200000 |
| 2nd Low | 2.209700000 |
| 3rd Low | 2.196000000 |
2.353700000 – 2.279000000 – 2.228800000 – 2.255200000 – 2.209700000 – 2.196000000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Outside Down –