Then a ‘Double top chart pattern’ chart layout is discovered. The chart picture forms ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards
A descent downwards to the next support line at 2.964200000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 3.009100000 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.185800000 |
| 2nd High | 3.139700000 |
| Next High | 3.009100000 |
| Current Price | 2.976400000 |
| Next Low | 2.964200000 |
| 2nd Low | 2.953200000 |
| 3rd Low | 2.935700000 |
3.009100000 – 3.139700000 – 3.112000000 – 2.978400000 – 3.023200000 – 3.055800000 — 46.73519363788 – 43.770802553048
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Double top chart pattern – –