XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support level at 2.953000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 3.045400000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Two Crows’ candlestick chart pattern is found. The chart shows ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.128000000 |
| 2nd High | 3.081700000 |
| Next High | 3.045400000 |
| Current Price | 2.997000000 |
| Next Low | 2.953000000 |
| 2nd Low | 2.887600000 |
| 3rd Low | 2.822300000 |
3.045400000 – 3.027900000 – 3.081700000 – 2.953000000 – 2.988200000 – 2.981100000 — 53.168336391174 – 50.82805137325
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Double bottom retreat down – –