Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.0716012 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 1.1302 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Inside Down’ chart pattern is discovered. The candles form ‘Three Inside Down’. which 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 Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.165 |
| 2nd High | 1.1354 |
| Next High | 1.1302 |
| Current Price | 1.080500000 |
| Next Low | 1.0535 |
| 2nd Low | 1.0451 |
| 3rd Low | 1.0345 |
1.1302 – 1.121 – 1.1043 – 1.0535 – 1.0674 – 1.0868 —
1.098500000 – 1.094900000 —
41.141508946251 – 42.201890589023 —
– —
1.1302 – 1784124000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Inside Down – Symmetrical Triangle Chart Pattern – –