XRP/USDT – 1H – SELLFurthermore a ‘Double top chart pattern’ chart formation is detected. The formation shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) moves from the ascending trendline downwards
A bearish movement down to the next support line at 2.955500000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 3.178400000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘RSI fall below 30’ indicator layout is found. The indicator is ‘RSI fall below 30’. which could be a negative chart signal. The currency pair could go down.
Furthermore a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.330800000 |
| 2nd High | 3.185600000 |
| Next High | 3.178400000 |
| Current Price | 2.993900000 |
| Next Low | 2.955500000 |
| 2nd Low | 2.803800000 |
| 3rd Low | 2.763700000 |
3.178400000 – 3.162100000 – 3.185600000 – 3.001000000 – 3.053300000 – 3.078800000 — 30.750164327986 – 26.771067713812
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Double top chart pattern –