The currency pair Ripple/Tether (XRP/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 2.140700000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2.337000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 2.354300000 |
2nd High | 2.337900000 |
Next High | 2.337000000 |
Current Price | 2.145900000 |
Next Low | 2.140700000 |
2nd Low | 2.109300000 |
3rd Low | 2.092400000 |
2.337000000 – 2.175900000 – 2.180100000 – 2.140700000 – 2.109300000 – 2.116300000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Black Crows