XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the ascending trendline downwards
The bearish trend down to the next support level at 2.943200000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 3.026300000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.
Besides a ‘Two Crows’ candle chart pattern is detected. The chart forms ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.081700000 |
| 2nd High | 3.045400000 |
| Next High | 3.026300000 |
| Current Price | 2.942600000 |
| Next Low | 2.943200000 |
| 2nd Low | 2.887600000 |
| 3rd Low | 2.822300000 |
3.026300000 – 3.045400000 – 3.027900000 – 2.943200000 – 2.953000000 – 2.988200000 — 40.928263984442 – 39.320829015633
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –