XRP/USDT – 30M – SELLFurthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The combination Ripple/Tether (XRP/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 1.3728 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.4642 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Matching Low’ candlestick chart pattern is existing. The candles show ‘Matching Low’. this is a bullish 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 | 1.4984 |
| 2nd High | 1.4703 |
| Next High | 1.4642 |
| Current Price | 1.441300000 |
| Next Low | 1.3728 |
| 2nd Low | 1.1172 |
| 3rd Low |
1.4642 – 1.4631 – 1.4703 – 1.3728 – 1.4191 – 1.4103 —
1.451600000 – 1.448400000 —
55.877646936057 – 51.477941074156 —
– —
1.4642 – 1770654600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –