XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 2.760400000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2.834900000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Matching Low’ candlestick chart pattern is discovered. The chart shows ‘Matching Low’. which is a positive chart scenario. 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’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.026300000 |
| 2nd High | 2.922700000 |
| Next High | 2.834900000 |
| Current Price | 2.791100000 |
| Next Low | 2.760400000 |
| 2nd Low | 2.662900000 |
| 3rd Low | 2.659600000 |
2.834900000 – 2.922700000 – 3.026300000 – 2.760400000 – 2.943200000 – 2.953000000 — 39.599865455619 – 38.793074554226
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –