The pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 1.3038 is expected.
Caution: A possible change in the direction of the resistance line at 1.3482 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
And also a ‘Matching Low’ candle chart pattern is detected. The candles form ‘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 | 1.3726 |
| 2nd High | 1.3669 |
| Next High | 1.3482 |
| Current Price | 1.344500000 |
| Next Low | 1.3038 |
| 2nd Low | 1.2954 |
| 3rd Low | 1.27 |
1.3482 – 1.3669 – 1.3433 – 1.3038 – 1.3166 – 1.2954 —
1.321100000 – 1.346900000 —
48.293128056435 – 61.025705032994 —
– —
1.3482 – 1774920600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – – –