Also there is a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.
A bearish trend down to the next support level at 2.953200000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 3.066900000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Also there is a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. 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 | 3.351200000 |
| 2nd High | 3.185800000 |
| Next High | 3.066900000 |
| Current Price | 3.001100000 |
| Next Low | 2.953200000 |
| 2nd Low | 2.935700000 |
| 3rd Low | 2.933700000 |
3.066900000 – 3.185800000 – 3.137600000 – 2.953200000 – 3.012000000 – 3.009900000 — 46.612362863337 – 45.05811909529
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –