The pair Ripple/Tether (XRP/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 2.964200000 is considered certain.
Caution: A possible change in the direction of the resistance zone at 3.049600000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.
And also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
And also a ‘Two Crows’ candlestick pattern is discovered. The candles form ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.185800000 |
| 2nd High | 3.066900000 |
| Next High | 3.049600000 |
| Current Price | 3.020200000 |
| Next Low | 2.964200000 |
| 2nd Low | 2.953200000 |
| 3rd Low | 2.935700000 |
3.049600000 – 3.043000000 – 3.066900000 – 2.964200000 – 2.970800000 – 2.953200000 — 53.960407784173 – 51.595554459057
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –