XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.
A bearish descent downwards to the next support line at 2.175000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 2.229600000 could occur.
Consider stop-loss settings accordingly.
Next a ‘Matching Low’ candlestick chart pattern is detected. 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 chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.337900000 |
| 2nd High | 2.337000000 |
| Next High | 2.229600000 |
| Current Price | 2.195300000 |
| Next Low | 2.175000000 |
| 2nd Low | 2.172000000 |
| 3rd Low | 1.908300000 |
2.229600000 – 2.188900000 – 2.033100000 – 2.175000000 – 2.172000000 – 1.908300000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Matching Low