XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at is certain.
Caution: A possible change in the direction of the resistance line at 3.156000000 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.
Besides a ‘Two Crows’ chart pattern is existing. The chart shows ‘Two Crows’. which 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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.372600000 |
| 2nd High | 3.351200000 |
| Next High | 3.156000000 |
| Current Price | 3.092800000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.156000000 – 3.140700000 – 3.142700000 – 3.002400000 – 3.029500000 – 2.991500000 — 46.454175511982 – 42.968014540253
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Double bottom retreat down – –