The pair Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 1.3706 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.4112 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Two Crows’ chart pattern is discovered. The chart shows ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4525 |
| 2nd High | 1.4427 |
| Next High | 1.4112 |
| Current Price | 1.390100000 |
| Next Low | 1.3706 |
| 2nd Low | 1.333 |
| 3rd Low | 1.3218 |
1.4112 – 1.4427 – 1.4195 – 1.3706 – 1.3785 – 1.3813 —
1.393800000 – 1.407500000 —
48.63627488049 – 64.872286168015 —
– —
1.4112 – 1773235800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –