The currency pair Ripple/Tether (XRP/USDT) moves from the ascending trendline downwards
The bearish trend down to the next support line at 1.352400000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 1.524300000 could happen.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. 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 | 1.595400000 |
2nd High | 1.539300000 |
Next High | 1.524300000 |
Current Price | 1.458900000 |
Next Low | 1.352400000 |
2nd Low | 1.332700000 |
3rd Low | 1.283300000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows