XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards
A bearish movement downwards to the next support level at 1.423500000 will continue.
Caution: A possible change in the direction of the resistance line at 1.51 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Matching Low’ candle pattern is existing. The candles form ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6714 |
| 2nd High | 1.5414 |
| Next High | 1.51 |
| Current Price | 1.429400000 |
| Next Low | 1.423500000 |
| 2nd Low | 1.3928 |
| 3rd Low | 1.3503 |
1.51 – 1.4664 – 1.3955 – 1.423500000 – 1.3928 – 1.3503 —
1.434400000 – 1.438600000 —
32.56032694693 – 39.945595433838 —
1.423500000 – 1776535200 —
1.51 – 1776434400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – – –