XRP/USDT – 1H – BUYThe currency pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support level at 2.114900000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 2.207600000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Matching Low’ chart pattern is discovered. The candles form ‘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 chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.317300000 |
| 2nd High | 2.237900000 |
| Next High | 2.207600000 |
| Current Price | 2.143200000 |
| Next Low | 2.114900000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low