XRP/USDT – 30M – SELLNext a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 3.156400000 will continue.
Caution: A possible change in the direction of the resistance level at 3.265100000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. 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 | 3.649500000 |
| 2nd High | 3.578700000 |
| Next High | 3.265100000 |
| Current Price | 3.179200000 |
| Next Low | 3.156400000 |
| 2nd Low | 2.998100000 |
| 3rd Low | 2.955500000 |
3.209800000 – 3.218100000 – 3.211100000 – 3.156400000 – 3.158400000 – 2.998100000 — 47.964886823581 – 44.016655308143
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern –