The pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards
A bearish trend downwards to the next support level at 1.365 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.4243 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ” indicator layout is detected. The indicator is ”. which could be a negative signal. The currency pair is likely to fall.
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There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.
There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
There is also a ‘Tweezers Top’ chart pattern is discovered. The chart shows ‘Tweezers Top’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4525 |
| 2nd High | 1.4427 |
| Next High | 1.4243 |
| Current Price | 1.413200000 |
| Next Low | 1.365 |
| 2nd Low | 1.333 |
| 3rd Low | 1.3218 |
1.4243 – 1.3936 – 1.4112 – 1.365 – 1.366 – 1.3706 —
1.414700000 – 1.414900000 —
75.34417214078 – 66.76115488952 —
– —
1.4243 – 1773361800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Tweezers Top – – –