Next a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The combination Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A bearish descent down to the next support at 2.953200000 is certain.
Caution: A possible change in the direction of the resistance level at 3.066900000 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
Next a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘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 – –