XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.
The bearish trend down to the next support at 2.943200000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 3.026300000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Black Crows’ chart pattern is existing. 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.081700000 |
| 2nd High | 3.045400000 |
| Next High | 3.026300000 |
| Current Price | 2.913200000 |
| Next Low | 2.943200000 |
| 2nd Low | 2.887600000 |
| 3rd Low | 2.822300000 |
3.026300000 – 3.045400000 – 3.027900000 – 2.943200000 – 2.953000000 – 2.988200000 — 31.626320401403 – 30.41799203164
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Double bottom retreat down – –