XRP/USDT – 30M – BUY

The combination Ripple/Tether (XRP/USDT) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 2.366200000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 2.474300000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 2.2822 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 2.474300000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Matching Low’ candle pattern is existing. The candles form ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

Download XRP/USDT Signal Image

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low