The currency pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.
A descent down to the next support level at 1.3901 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.4573 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ” indicator layout is existing. The indicator shows ”. which could be a negative chart signal. The currency pair is likely to fall.
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In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.
In addition a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.
In addition a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51 |
| 2nd High | 1.4626 |
| Next High | 1.4573 |
| Current Price | 1.382600000 |
| Next Low | 1.3901 |
| 2nd Low | 1.3829 |
| 3rd Low | 1.3814 |
1.4573 – 1.4209 – 1.4003 – 1.4035 – 1.4133 – 1.3901 —
1.413400000 – 1.396300000 —
41.659004166775 – 34.695400864844 —
– —
1.4573 – 1778065200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –