Additionally a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The combination Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards
A descending movement down to the next support line at 1.4112 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.4724 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.
Additionally a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. 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 | 1.51 |
| 2nd High | 1.5082 |
| Next High | 1.4724 |
| Current Price | 1.407000000 |
| Next Low | 1.4112 |
| 2nd Low | 1.3795 |
| 3rd Low | 1.3458 |
1.4724 – 1.5082 – 1.4573 – 1.4112 – 1.3795 – 1.3458 —
1.469200000 – 1.422700000 —
49.485327034355 – 44.694130382994 —
– —
1.4724 – 1778844600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –