XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the ascending trendline downwards
The bearish trend downwards to the next support at 1.3341 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.423 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Matching Low’ candlestick chart pattern is detected. The candles show ‘Matching Low’. which is a bullish chart scenario. 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 | 1.4935 |
| 2nd High | 1.4332 |
| Next High | 1.423 |
| Current Price | 1.348300000 |
| Next Low | 1.3341 |
| 2nd Low | 1.27 |
| 3rd Low | 1.1172 |
1.423 – 1.4332 – 1.4262 – 1.3341 – 1.3369 – 1.27 —
1.395000000 – 1.367400000 —
55.817555669575 – 42.978814343322 —
– —
1.423 – 1772467200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –