The pair Ripple/Tether (XRP/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 1.1042 will continue.
Caution: A possible change in the direction of resistance at 1.1866 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
And also a ‘Two Crows’ candle chart pattern is existing. The chart forms ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3484 |
| 2nd High | 1.2491 |
| Next High | 1.1866 |
| Current Price | 1.141300000 |
| Next Low | 1.1042 |
| 2nd Low | 1.0884 |
| 3rd Low |
1.1376 – 1.1866 – 1.1719 – 1.1042 – 1.0884 – 1.1187 —
1.150000000 – 1.151900000 —
63.381790521042 – 59.659996340447 —
– —
1.1376 – 1781096400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – – –