XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.
A bearish trend down to the next support line at 2.799200000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 2.869300000 could occur.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. this 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 ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.026300000 |
| 2nd High | 2.922700000 |
| Next High | 2.869300000 |
| Current Price | 2.807200000 |
| Next Low | 2.799200000 |
| 2nd Low | 2.774600000 |
| 3rd Low | 2.760400000 |
2.869300000 – 2.818400000 – 2.834900000 – 2.799200000 – 2.774600000 – 2.760400000 — 42.069896290231 – 40.933052230113
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – – –