The currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.
A bearish descent down to the next support line at 0.773100000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.269800000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.9228 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 1.269800000 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish chart scenario. 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 |
|
2nd High |
|
Next High |
1.269800000 |
Current Price |
1.049700000 |
Next Low |
0.773100000 |
2nd Low |
0.755300000 |
3rd Low |
0.682900000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows