Three Black Crows Point to Bitcoin Dip as XRP and Shiba Inu Struggle
Technical signals for Bitcoin, XRP and Shiba Inu hint at near-term weakness for crypto traders. On the daily chart, Bitcoin has formed a Three Black Crows pattern—three consecutive red candles—signaling strong selling pressure. Despite macro tailwinds from liquidity expansion and rate-cut expectations, Bitcoin failed to reclaim its 50-day EMA around $116,500 and is drifting toward the 100-day EMA near $110,800. Key supports to watch are $110,800 and $104,000. XRP’s recent push above $3.00 was undermined by falling volume and waning momentum, suggesting a retest of $2.75 and potential slide to $2.45 unless buying interest returns. The 50-day EMA has flipped to resistance after the 100-day EMA briefly supported the rally. Shiba Inu sits in a long-term symmetrical triangle. Declining volume and a neutral RSI reflect indecision. A break below the triangle’s lower boundary could target $0.00001150, while bulls need a volume-backed breakout above $0.00001450 to resume upward momentum. Traders should monitor support and resistance levels closely, confirm any recovery with volume and RSI trends, and manage risk until clear breakouts emerge.
Bearish
The formation of Bitcoin’s Three Black Crows, XRP’s failed breakout and Shiba Inu’s symmetrical triangle with declining volume all point to short-term downside risk. Historically, Three Black Crows have preceded quick pullbacks even amid broader bullish conditions. XRP rallies lacking volume often reverse, as seen in past retests of key EMAs. Symmetrical triangles with weakening momentum typically resolve in the direction of the preceding trend—here, downward. Traders should expect range-bound or lower prices until confirmed reversals occur with rising volume and RSI support. Longer-term macro tailwinds remain, but microstructure favors a cautious stance.