In addition a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.
A bearish descent downwards to the next support at 1.1299 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.1568 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.
In addition a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1769 |
| 2nd High | 1.161 |
| Next High | 1.1568 |
| Current Price | 1.133100000 |
| Next Low | 1.1299 |
| 2nd Low | 1.1261 |
| 3rd Low | 1.1042 |
1.1568 – 1.161 – 1.1409 – 1.1428 – 1.1299 – 1.1261 —
1.139700000 – 1.139200000 —
33.300541479577 – 41.382736088316 —
– —
1.1568 – 1781386200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –