XRP/USDT – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.
The bearish trend downwards to the next support level at 3.403800000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 3.649500000 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
Next a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3.660700000 |
| Next High | 3.649500000 |
| Current Price | 3.513800000 |
| Next Low | 3.403800000 |
| 2nd Low | 3.354700000 |
| 3rd Low | 3.343900000 |
3.649500000 – 3.557900000 – 3.485500000 – 3.403800000 – 3.354700000 – 3.343900000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern