XRP/USDT – 1H – SELL

The currency pair Ripple/Tether (XRP/USDT) goes from the descending trendline downwards

A continuation of the bearish trend down to the next support line at 2.778000000 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 2.884900000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Matching Low’ candle chart pattern is detected. The chart forms ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

2.884900000 – 2.886700000 – 2.839000000 – 2.778000000 – 2.811000000 – 2.697500000 — 41.726843733299 – 41.07217468236

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Double bottom retreat down – –