Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.1127976 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.1769 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.212 |
| 2nd High | 1.1866 |
| Next High | 1.1769 |
| Current Price | 1.127700000 |
| Next Low | 1.1433 |
| 2nd Low | 1.1319 |
| 3rd Low | 1.0977 |
1.1769 – 1.1866 – 1.1719 – 1.1433 – 1.1319 – 1.0977 —
1.159400000 – 1.141700000 —
40.560472431705 – 30.881512007402 —
– —
1.1769 – 1780984800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –