XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 1.382 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 1.4293 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘StochOSC Hidden Bearish Divergence’ indicator layout is discovered. The indicator shows ‘StochOSC Hidden Bearish Divergence’. Dieses ist oftmals ein bearisches chart scenario. Das Paar tendiert eventuell nach unten.
Next a ‘Matching Low’ chart pattern is existing. The candles show ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. 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 | 1.4943 |
| 2nd High | 1.4381 |
| Next High | 1.4293 |
| Current Price | 1.405100000 |
| Next Low | 1.382 |
| 2nd Low | 1.3485 |
| 3rd Low | 1.3461 |
1.4293 – 1.4381 – 1.4943 – 1.382 – 1.4268 – 1.3485 —
1.421000000 – 1.427900000 —
47.629869092997 – 52.635216721575 —
– —
1.4293 – 1771552800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –