XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 2.953000000 is considered certain.
Caution: A possible change in the direction of resistance at 3.045400000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Matching Low’ candle chart pattern is existing. The chart shows ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. 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 | 3.128000000 |
| 2nd High | 3.081700000 |
| Next High | 3.045400000 |
| Current Price | 3.002600000 |
| Next Low | 2.953000000 |
| 2nd Low | 2.887600000 |
| 3rd Low | 2.822300000 |
3.045400000 – 3.027900000 – 3.081700000 – 2.953000000 – 2.988200000 – 2.981100000 — 51.194059892239 – 50.74299855153
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – – –