XRP/USDT – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart 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 ascending trendline down.
A bearish trend downwards to the next support at 3.082900000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 3.156000000 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.
Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Moreover a ‘On Neck’ candlestick chart pattern is found. The chart shows ‘On Neck’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.382500000 |
| 2nd High | 3.351200000 |
| Next High | 3.156000000 |
| Current Price | 3.107800000 |
| Next Low | 3.082900000 |
| 2nd Low | 3.002400000 |
| 3rd Low | 2.991500000 |
3.156000000 – 3.142700000 – 3.351200000 – 3.082900000 – 3.002400000 – 2.991500000 — 48.230326806604 – 46.847791533469
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – On Neck – Rising Wedge Chart Pattern – –