The pair Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at is certain.
Caution: A possible change in the direction of resistance at 3.162100000 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.
Also there is a ‘RSI cross above 30’ indicator layout is existing. The indicator shows ‘RSI cross above 30’. which could be a negative signal. The currency pair is likely to fall.
Also there is a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. 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 | 3.330800000 |
| 2nd High | 3.185600000 |
| Next High | 3.162100000 |
| Current Price | 3.112900000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.162100000 – 3.185600000 – 3.330800000 – 3.001000000 – 3.053300000 – 3.078800000 — 50.423107843178 – 44.576083409261
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Double bottom retreat down –