Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The combination Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support line at 3.018000000 is likely expected.
Caution: A possible change in the direction of the resistance line at 3.185800000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.
Also there is a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
Also there is a ‘Matching Low’ candle pattern is existing. The candles show ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.372600000 |
| 2nd High | 3.351200000 |
| Next High | 3.185800000 |
| Current Price | 3.082700000 |
| Next Low | 3.018000000 |
| 2nd Low | 2.935700000 |
| 3rd Low | 2.933700000 |
3.185800000 – 3.137600000 – 3.073100000 – 3.089000000 – 3.018000000 – 2.935700000 — 35.590097325965 – 34.986911090979
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –