The currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards
A bearish trend down to the next support level at 3.167500000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 3.578700000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘RSI fall below 30’ indicator layout is existing. The indicator is ‘RSI fall below 30’. this is usually a bearish chart scenario. The currency pair could go down.
Also there is a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. this is a bearish chart scenario. 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 | 3.660700000 |
| 2nd High | 3.649500000 |
| Next High | 3.578700000 |
| Current Price | 3.193800000 |
| Next Low | 3.167500000 |
| 2nd Low | 2.987300000 |
| 3rd Low | 2.877400000 |
3.578700000 – 3.649500000 – 3.580900000 – 3.421800000 – 3.499600000 – 3.403800000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Triple top chart pattern –