Next a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The combination Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards
A descending movement downwards to the next support line at 1.3795 is likely expected.
Caution: A possible change in the direction of the resistance line at 1.435 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
Next a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4626 |
| 2nd High | 1.4573 |
| Next High | 1.435 |
| Current Price | 1.416600000 |
| Next Low | 1.3795 |
| 2nd Low | 1.3458 |
| 3rd Low | 1.3193 |
1.435 – 1.4573 – 1.4209 – 1.3795 – 1.4035 – 1.4133 —
1.416200000 – 1.425000000 —
46.804763214827 – 56.719577293564 —
– —
1.435 – 1778288400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –