The pair Ripple/Tether (XRP/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support at 1.346 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.3733 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.
And also a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. this 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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4525 |
| 2nd High | 1.3749 |
| Next High | 1.3733 |
| Current Price | 1.357400000 |
| Next Low | 1.346 |
| 2nd Low | 1.3452 |
| 3rd Low | 1.3366 |
1.3733 – 1.3749 – 1.4525 – 1.3606 – 1.346 – 1.3916 —
1.368600000 – 1.364900000 —
43.165521555568 – 49.259613695212 —
– —
1.3733 – 1772881200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – – –