XRP/USDT – 30M – SELLAlso there is a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support at 3.156400000 is expected.
Caution: A possible change in the direction of the resistance line at 3.265100000 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.649500000 |
| 2nd High | 3.578700000 |
| Next High | 3.265100000 |
| Current Price | 3.179200000 |
| Next Low | 3.156400000 |
| 2nd Low | 2.998100000 |
| 3rd Low | 2.955500000 |
3.209800000 – 3.218100000 – 3.211100000 – 3.156400000 – 3.158400000 – 2.998100000 — 47.964886823581 – 44.016655308143
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern –