The currency pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support line at 1.42 will continue.
Caution: A possible change in the direction of the resistance level at 1.4503 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair could go down.
There is also a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51 |
| 2nd High | 1.4626 |
| Next High | 1.4503 |
| Current Price | 1.420200000 |
| Next Low | 1.42 |
| 2nd Low | 1.418 |
| 3rd Low | 1.409 |
1.4366 – 1.4318 – 1.4256 – 1.42 – 1.418 – 1.4187 —
1.440800000 – 1.442500000 —
64.804139359018 – 61.615585775099 —
– —
1.4366 – 1777230000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – – –