XRP/USDT – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The combination Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards
A descent downwards to the next support at 1.1261 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.161 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Matching Low’ candle chart pattern is discovered. The candles show ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. 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 | 1.2491 |
| 2nd High | 1.1866 |
| Next High | 1.161 |
| Current Price | 1.146300000 |
| Next Low | 1.1261 |
| 2nd Low | 1.1042 |
| 3rd Low | 1.0884 |
1.161 – 1.1577 – 1.1376 – 1.1261 – 1.1042 – 1.0884 —
1.153200000 – 1.150700000 —
56.430208485554 – 51.779435738589 —
– —
1.161 – 1781362800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –