XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards
The bearish trend down to the next support at 2.987300000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Two Crows’ chart pattern is discovered. The candles form ‘Two Crows’. which 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 3.223800000 |
| Next Low | 2.987300000 |
| 2nd Low | 2.877400000 |
| 3rd Low | 2.840700000 |
3.100000000 – 2.936500000 – 2.946200000 – 2.987300000 – 2.877400000 – 2.840700000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Two Crows – Double bottom retreat down