XRP/USDT – 30M – SELLThen a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The pair Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards
A descending movement downwards to the next support level at 2.935700000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 3.036500000 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Matching Low’ candle pattern is existing. The candles form ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.081700000 |
| 2nd High | 3.045400000 |
| Next High | 3.036500000 |
| Current Price | 2.969200000 |
| Next Low | 2.935700000 |
| 2nd Low | 2.933700000 |
| 3rd Low | 2.792700000 |
3.036500000 – 2.996400000 – 2.928500000 – 2.935700000 – 2.936700000 – 2.933700000 — 55.046742470172 – 54.766844432875
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –