XRP/USDT – 4H – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support level at 3.115200000 will persist.
Caution: A possible change in the direction of the resistance level at 3.334200000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.649500000 |
| 2nd High | 3.382500000 |
| Next High | 3.334200000 |
| Current Price | 3.115100000 |
| Next Low | 3.115200000 |
| 2nd Low | 2.892000000 |
| 3rd Low | 2.196000000 |
3.334200000 – 3.382500000 – 3.178400000 – 3.115200000 – 2.892000000 – 2.955500000 — 48.281556910338 – 39.28238477119
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Double bottom retreat down – –