XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 2.818400000 will persist.
Caution: A possible counter-trend in the direction of resistance at 2.989600000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative 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 Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.096900000 |
| 2nd High | 3.038000000 |
| Next High | 2.989600000 |
| Current Price | 2.905000000 |
| Next Low | 2.818400000 |
| 2nd Low | 2.803800000 |
| 3rd Low | 2.763700000 |
2.989600000 – 3.038000000 – 3.096900000 – 2.818400000 – 2.848800000 – 2.940400000 — 45.002898803786 – 44.277592106433
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Triple bottom chart pattern – –