Then a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The pair Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards
A bearish trend downwards to the next support at 2.935700000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 3.036500000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Matching Low’ candle pattern is discovered. The chart shows ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going 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 – –