Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.3961492 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.4215 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. this is a bearish signal. 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 | 1.4626 |
| 2nd High | 1.4573 |
| Next High | 1.4215 |
| Current Price | 1.412100000 |
| Next Low | 1.3795 |
| 2nd Low | 1.3716 |
| 3rd Low | 1.3644 |
1.4215 – 1.4573 – 1.4222 – 1.3795 – 1.3802 – 1.3831 —
1.387500000 – 1.423900000 —
42.223610734853 – 69.855853786246 —
– —
1.4215 – 1778139000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – – –