XRP/USDT – 4H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A descent downwards to the next support line at 2.955500000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 3.649500000 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘RSI cross above 30’ indicator layout is discovered. The indicator is ‘RSI cross above 30’. which could be a positive signal. The currency pair could go up.
Furthermore a ‘Three Outside Down’ chart pattern is found. The candles show ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3.660700000 |
| Next High | 3.649500000 |
| Current Price | 3.116300000 |
| Next Low | 2.955500000 |
| 2nd Low | 2.196000000 |
| 3rd Low | 2.078200000 |
3.649500000 – 3.660700000 – 3.035000000 – 2.955500000 – 2.196000000 – 2.078200000 — 39.658488955135 – 38.967868953871
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern –