XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support at 3.078800000 is certain.
Caution: A possible counter-trend in the direction of resistance at 3.185600000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘RSI fall below 30’ indicator signal is found. The indicator is ‘RSI fall below 30’. which could be a negative signal. The pair is likely to go down.
In addition a ‘Matching Low’ candle chart pattern is detected. The chart shows ‘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’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.578700000 |
| 2nd High | 3.330800000 |
| Next High | 3.185600000 |
| Current Price | 3.117600000 |
| Next Low | 3.078800000 |
| 2nd Low | 2.998100000 |
| 3rd Low | 2.955500000 |
3.185600000 – 3.330800000 – 3.238700000 – 3.078800000 – 3.163000000 – 3.156400000 — 43.965935804607 – 43.513770204184
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern –