Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1.7107 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.89 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.9378 |
| 2nd High | 1.9325 |
| Next High | 1.89 |
| Current Price | 1.752600000 |
| Next Low | 1.7107 |
| 2nd Low | 1.2543 |
| 3rd Low |
1.89 – 1.9325 – 1.9378 – 1.7107 – 1.778 – 1.8654 —
1.756100000 – 1.775000000 —
38.572434666985 – 49.080976300353 —
– —
1.89000 – 1769673600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – – –