XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 2.981400000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 3.139700000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.351200000 |
| 2nd High | 3.185800000 |
| Next High | 3.139700000 |
| Current Price | 3.024800000 |
| Next Low | 2.981400000 |
| 2nd Low | 2.964200000 |
| 3rd Low | 2.953200000 |
3.139700000 – 3.058600000 – 3.066900000 – 2.981400000 – 2.964200000 – 2.953200000 — 35.239365788412 – 33.944659286876
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –