The combination Ripple/Tether (XRP/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at is expected.
Caution: A possible change in the direction of resistance at 1.1182 could happen.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.
Next a ‘Matching Low’ candlestick chart pattern is discovered. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. 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 | 1.1354 |
| 2nd High | 1.1302 |
| Next High | 1.1182 |
| Current Price | 1.088500000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.1182 – 1.1182 – 1.1302 – 1.0698 – 1.0793 – 1.0829 —
1.085500000 – 1.093300000 —
50.016388345184 – 54.709377286595 —
– —
1.1182 – 1784215800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – – –