The pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A descent down to the next support level at 3.023200000 is certain.
Caution: A possible change in the direction of the resistance line at 3.139700000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. this 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 success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.351200000 |
| 2nd High | 3.185800000 |
| Next High | 3.139700000 |
| Current Price | 3.024800000 |
| Next Low | 3.023200000 |
| 2nd Low | 2.981400000 |
| 3rd Low | 2.964200000 |
3.139700000 – 3.112000000 – 3.058600000 – 3.023200000 – 3.055800000 – 2.981400000 — 34.383665818699 – 32.56611141276
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –