XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A bearish descent down to the next support line at 1.333 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.3841 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Two Crows’ candlestick pattern is detected. The chart shows ‘Two Crows’. 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 probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4732 |
| 2nd High | 1.4525 |
| Next High | 1.3841 |
| Current Price | 1.382700000 |
| Next Low | 1.333 |
| 2nd Low | 1.3218 |
| 3rd Low | 1.27 |
1.3841 – 1.3731 – 1.3653 – 1.333 – 1.3218 – 1.3381 —
1.375100000 – 1.389700000 —
57.609889297401 – 62.617263432923 —
– —
1.3841 – 1773084600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –