XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) moves from the ascending trendline downwards
A descent downwards to the next support level at 2.943200000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 3.026300000 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Matching Low’ candlestick chart pattern is found. The chart shows ‘Matching Low’. which is a positive chart scenario. 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 | 3.081700000 |
| 2nd High | 3.045400000 |
| Next High | 3.026300000 |
| Current Price | 2.906100000 |
| Next Low | 2.943200000 |
| 2nd Low | 2.887600000 |
| 3rd Low | 2.822300000 |
3.026300000 – 3.045400000 – 3.027900000 – 2.943200000 – 2.953000000 – 2.988200000 — 28.883480679643 – 28.730873100479
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Double bottom retreat down – –