XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at 3.380000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 3.535200000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
Also there is a ‘Matching Low’ chart pattern is existing. The candles show ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.660700000 |
| 2nd High | 3.545000000 |
| Next High | 3.535200000 |
| Current Price | 3.516400000 |
| Next Low | 3.380000000 |
| 2nd Low | 3.354700000 |
| 3rd Low | 3.343900000 |
3.535200000 – 3.451300000 – 3.459400000 – 3.380000000 – 3.354700000 – 3.343900000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Matching Low – Triple bottom chart pattern