The combination Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 2.269400000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2.728100000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 2.2694 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 2.728100000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. 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 | |
2nd High | 2.909200000 |
Next High | 2.728100000 |
Current Price | 2.335800000 |
Next Low | 2.269400000 |
2nd Low | 1.900000000 |
3rd Low | 1.673900000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows