Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.4089 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.4626 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.5414 |
| 2nd High | 1.51 |
| Next High | 1.4626 |
| Current Price | 1.417700000 |
| Next Low | 1.411400000 |
| 2nd Low | 1.4089 |
| 3rd Low | 1.3954 |
1.4626 – 1.4606 – 1.45 – 1.411400000 – 1.4116 – 1.4195 —
1.416400000 – 1.424100000 —
27.83387572963 – 40.494258939888 —
1.411400000 – 1776915000 —
1.4626 – 1776866400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –