And also a ‘Double top chart pattern’ chart formation is existing. The formation shows ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards
A descending movement downwards to the next support at 2.953000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 3.026300000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
And also a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.081700000 |
| 2nd High | 3.045400000 |
| Next High | 3.026300000 |
| Current Price | 2.952100000 |
| Next Low | 2.953000000 |
| 2nd Low | 2.822300000 |
| 3rd Low | 2.782600000 |
3.026300000 – 3.045400000 – 3.081700000 – 2.953000000 – 2.822300000 – 2.969700000 — 43.021169540943 – 41.339545586675
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Double top chart pattern – –