The pair Ripple/Tether (XRP/USDT) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 1.0092 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.0768 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Two Crows’ candle chart pattern is found. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1639 |
| 2nd High | 1.0777 |
| Next High | 1.0768 |
| Current Price | 1.040300000 |
| Next Low | 1.0092 |
| 2nd Low | |
| 3rd Low |
1.0768 – 1.0777 – 1.1639 – 1.0092 – 1.1187 – 1.1268 —
1.075500000 – 1.053100000 —
49.423897144069 – 48.720655779856 —
– —
1.0768 – 1782748800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –