XRP/USDT – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.9119654 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 2.0299 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Two Crows’ candlestick pattern is discovered. The candles show ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.0673 |
| 2nd High | 2.0661 |
| Next High | 2.0299 |
| Current Price | 1.958800000 |
| Next Low | 1.8712 |
| 2nd Low | 1.87 |
| 3rd Low | 1.2543 |
1.9268 – 2.0299 – 2.0661 – 1.8712 – 1.87 – 1.9191 —
1.914700000 – 1.990700000 —
48.939076126884 – 64.264869643164 —
– —
1.92680 – 1768973400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – – –