There is also a ‘Double top chart pattern’ chart layout is detected. The formation shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.
A bearish trend downwards to the next support at 3.008700000 is expected.
Caution: A possible change in the direction of resistance at 3.176500000 could happen.
Consider stop-loss settings accordingly.
There is also a ‘StochRSI cross above 20’ indicator signal is existing. The indicator is ‘StochRSI cross above 20’. this is usually a bullish chart scenario. The pair is likely to go up.
There is also a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a negative 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 | 3.347500000 |
| 2nd High | 3.334200000 |
| Next High | 3.176500000 |
| Current Price | 3.117500000 |
| Next Low | 3.008700000 |
| 2nd Low | 2.964100000 |
| 3rd Low | 2.901400000 |
3.176500000 – 3.334200000 – 3.214600000 – 3.117600000 – 3.158100000 – 3.156800000 — 39.130789065552 – 36.144803842104
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Double top chart pattern – –