XRP/USDT – 4H – SELLAdditionally a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline down.
A bearish descent downwards to the next support line at 1.3909 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.4626 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.
Additionally a ‘Matching Low’ candlestick chart pattern is detected. The chart shows ‘Matching Low’. this is a bullish chart scenario. 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 | 1.5414 |
| 2nd High | 1.51 |
| Next High | 1.4626 |
| Current Price | 1.430000000 |
| Next Low | 1.3909 |
| 2nd Low | 1.3193 |
| 3rd Low | 1.2949 |
1.4626 – 1.51 – 1.3752 – 1.3909 – 1.3193 – 1.2949 —
1.458900000 – 1.440000000 —
53.424170994497 – 53.486698984951 —
– —
1.4626 – 1776859200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –