XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.
A bearish descent downwards to the next support at 2.782600000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 3.053500000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.147200000 |
| 2nd High | 3.128000000 |
| Next High | 3.053500000 |
| Current Price | 2.942600000 |
| Next Low | 2.782600000 |
| 2nd Low | 2.763700000 |
| 3rd Low | 2.662900000 |
3.053500000 – 3.128000000 – 3.088600000 – 2.973600000 – 2.997100000 – 3.007200000 — 30.612496848776 – 29.612712668073
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Triple bottom chart pattern – –