XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support at 1.1261 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.161 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
Besides a ‘Two Crows’ chart pattern is discovered. The candles show ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. 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 | 1.2491 |
| 2nd High | 1.1866 |
| Next High | 1.161 |
| Current Price | 1.132600000 |
| Next Low | 1.1261 |
| 2nd Low | 1.1042 |
| 3rd Low | 1.0884 |
1.161 – 1.1577 – 1.1376 – 1.1261 – 1.1042 – 1.0884 —
1.149100000 – 1.139300000 —
52.926916527368 – 41.536631010183 —
– —
1.161 – 1781362800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – – –