XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 2.953000000 is expected.
Caution: A possible change in the direction of the resistance level at 3.045400000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Matching Low’ candlestick chart pattern is found. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. 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 | 3.128000000 |
| 2nd High | 3.081700000 |
| Next High | 3.045400000 |
| Current Price | 3.001300000 |
| Next Low | 2.953000000 |
| 2nd Low | 2.887600000 |
| 3rd Low | 2.822300000 |
3.045400000 – 3.027900000 – 3.081700000 – 2.953000000 – 2.988200000 – 2.981100000 — 51.194059892239 – 49.792455739296
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – – –