XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support at 2.940400000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 3.096900000 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Additionally a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.156000000 |
| 2nd High | 3.147200000 |
| Next High | 3.096900000 |
| Current Price | 3.062600000 |
| Next Low | 2.940400000 |
| 2nd Low | 2.901400000 |
| 3rd Low | 2.892000000 |
3.096900000 – 3.147200000 – 3.141000000 – 2.940400000 – 3.077300000 – 3.111500000 — 57.549028810853 – 55.341971353733
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – – –