XRP/USDT – 1H – SELLNext a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.4004584 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.4573 could occur.
Consider stop-loss settings accordingly.
Next a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51 |
| 2nd High | 1.4626 |
| Next High | 1.4573 |
| Current Price | 1.418200000 |
| Next Low | 1.4035 |
| 2nd Low | 1.3901 |
| 3rd Low | 1.3829 |
1.4573 – 1.4209 – 1.4003 – 1.4035 – 1.4133 – 1.3901 —
1.386100000 – 1.421900000 —
32.347510287585 – 64.820076886874 —
– —
1.4573 – 1778065200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – – –