Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.21015 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.2935 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. 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 | 1.3484 |
| 2nd High | 1.3425 |
| Next High | 1.2935 |
| Current Price | 1.250000000 |
| Next Low | 1.19 |
| 2nd Low | 1.1791 |
| 3rd Low | 1.1268 |
1.2935 – 1.1936 – 1.1568 – 1.19 – 1.1791 – 1.1268 —
1.287600000 – 1.276400000 —
81.830048085734 – 62.094891775858 —
– —
1.2935 – 1781541000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – – –