XRP/USDT – 30M – SELL

The combination Ripple/Tether (XRP/USDT) goes from the bearish trendline down.

A continuation of the bearish trend downwards to the next support at 1.4239 is expected.

Caution: A possible counter-trend in the direction of resistance at 1.4457 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Matching Low’ candle pattern is existing. The chart forms ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.4457 – 1.441 – 1.4626 – 1.4239 – 1.4258 – 1.409 —
1.436800000 – 1.450300000 —
53.511855403507 – 57.779689507038 —
– —
1.4457 – 1776996000

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – – –