XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.
A bearish movement downwards to the next support level at 2.981400000 is considered certain.
Caution: A possible change in the direction of the resistance zone at 3.185800000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Two Crows’ candlestick chart pattern is detected. The chart forms ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.372600000 |
| 2nd High | 3.351200000 |
| Next High | 3.185800000 |
| Current Price | 3.080600000 |
| Next Low | 2.981400000 |
| 2nd Low | 2.964200000 |
| 3rd Low | 2.953200000 |
3.058600000 – 3.049600000 – 3.043000000 – 2.981400000 – 3.002900000 – 3.005400000 — 56.479650819759 – 54.874918739497
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Double bottom retreat down – –