XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support line at 1.3728 is likely expected.
Caution: A possible change in the direction of the resistance zone at 1.4642 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Matching Low’ candlestick chart pattern is found. The candles show ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.5442 |
| 2nd High | 1.4703 |
| Next High | 1.4642 |
| Current Price | 1.353600000 |
| Next Low | 1.3728 |
| 2nd Low | 1.1172 |
| 3rd Low |
1.4642 – 1.4703 – 1.5442 – 1.3728 – 1.4099 – 1.4097 —
1.373100000 – 1.409700000 —
32.506416659915 – 36.387491882441 —
– —
1.4642 – 1770652800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –