XRP/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.5274 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.6122 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish Harami’ candlestick chart pattern is found. The candles show ‘Bearish Harami’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.7847 |
| 2nd High | 1.6339 |
| Next High | 1.6122 |
| Current Price | 1.529100000 |
| Next Low | 1.5274 |
| 2nd Low | 1.2543 |
| 3rd Low |
1.6122 – 1.6339 – 1.6216 – 1.5274 – 1.7113 – 1.7107 —
1.575400000 – 1.531000000 —
28.385212088625 – 29.51557659563 —
– —
1.6122 – 1770193800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Harami – – –