Then 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 chart signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.0092 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.0777 could happen.
Consider stop-loss settings accordingly.
Then a ‘Falling Window’ chart pattern is detected. The chart shows ‘Falling Window’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.2935 |
| 2nd High | 1.1639 |
| Next High | 1.0777 |
| Current Price | 1.050700000 |
| Next Low | 1.0092 |
| 2nd Low | |
| 3rd Low |
1.0777 – 1.1639 – 1.156 – 1.0092 – 1.1187 – 1.1268 —
1.057600000 – 1.076800000 —
43.965311069791 – 56.887656026504 —
– —
1.0777 – 1782576000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Falling Window – Symmetrical Triangle Chart Pattern – –