The currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support level at 1.0829 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 1.1182 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Moreover a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1354 |
| 2nd High | 1.1302 |
| Next High | 1.1182 |
| Current Price | 1.083700000 |
| Next Low | 1.0829 |
| 2nd Low | 1.0535 |
| 3rd Low | 1.0451 |
1.1182 – 1.1182 – 1.1302 – 1.0829 – 1.0996 – 1.1058 —
1.094900000 – 1.087800000 —
47.495854705811 – 43.214399558695 —
– —
1.1182 – 1784215800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – – –