Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.3836 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 1.4466 could occur.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4626 |
| 2nd High | 1.4503 |
| Next High | 1.4466 |
| Current Price | 1.393400000 |
| Next Low | 1.3836 |
| 2nd Low | 1.3503 |
| 3rd Low | 1.3193 |
1.4466 – 1.4366 – 1.4318 – 1.3836 – 1.42 – 1.418 —
1.394600000 – 1.398000000 —
41.964541963316 – 47.133471503115 —
– —
1.4466 – 1777260600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – – –