XRP/USDT – 4H – SELLThe pair Ripple/Tether (XRP/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 1.409 will persist.
Caution: A possible change in the direction of the resistance zone at 1.4503 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative chart scenario. The currency pair could go down.
Furthermore a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51 |
| 2nd High | 1.4626 |
| Next High | 1.4503 |
| Current Price | 1.404000000 |
| Next Low | 1.409 |
| 2nd Low | 1.3909 |
| 3rd Low | 1.3193 |
1.4503 – 1.4626 – 1.51 – 1.409 – 1.3909 – 1.3193 —
1.424100000 – 1.442500000 —
43.257028176805 – 42.047322011246 —
– —
1.4503 – 1777046400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – – –