XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 2.116300000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 2.180100000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Matching Low’ candlestick pattern is existing. The candles show ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.337900000 |
| 2nd High | 2.255300000 |
| Next High | 2.180100000 |
| Current Price | 2.164500000 |
| Next Low | 2.116300000 |
| 2nd Low | 2.092400000 |
| 3rd Low | 2.059100000 |
2.180100000 – 2.162600000 – 2.255300000 – 2.116300000 – 2.092400000 – 2.221100000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Matching Low