XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A descent downwards to the next support at 1.4073 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.4626 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘On Neck’ candle pattern is found. The candles form ‘On Neck’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.5414 |
| 2nd High | 1.51 |
| Next High | 1.4626 |
| Current Price | 1.422600000 |
| Next Low | 1.4073 |
| 2nd Low | 1.3901 |
| 3rd Low | 1.3829 |
1.4222 – 1.4206 – 1.41 – 1.4073 – 1.3901 – 1.3929 —
1.444400000 – 1.450100000 —
73.086620736599 – 65.021559818461 —
– —
1.4222 – 1778014800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – On Neck – – –