XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 3.111500000 is certain.
Caution: A possible change in the direction of the resistance level at 3.141000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 3.0792 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 3.141000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Matching Low’ candle pattern is existing. The chart shows ‘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 probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.351200000 |
| 2nd High | 3.156000000 |
| Next High | 3.141000000 |
| Current Price | 3.117300000 |
| Next Low | 3.111500000 |
| 2nd Low | 3.082900000 |
| 3rd Low | 3.002400000 |
3.141000000 – 3.156000000 – 3.140700000 – 3.111500000 – 3.082900000 – 3.002400000 — 48.539418574481 – 48.241119537908
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Double bottom chart pattern – –