Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The combination Ripple/Tether (XRP/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support line at 1.3366 will persist.
Caution: A possible change in the direction of the resistance level at 1.360300000 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.
Furthermore a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3749 |
| 2nd High | 1.3733 |
| Next High | 1.360300000 |
| Current Price | 1.343900000 |
| Next Low | 1.3366 |
| 2nd Low | 1.3341 |
| 3rd Low | 1.27 |
1.360300000 – 1.3733 – 1.3749 – 1.3468 – 1.3606 – 1.346 —
1.360300000 – 1.351600000 —
46.12704367138 – 37.637015474658 —
1.360300000 – 1772928000 —
– 1772928000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –