XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 3.058600000 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.
Besides a ‘Matching Low’ candle chart pattern is discovered. The chart forms ‘Matching Low’. which is a positive pattern 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 | 3.185800000 |
| 2nd High | 3.066900000 |
| Next High | 3.058600000 |
| Current Price | 3.019900000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.058600000 – 3.049600000 – 3.043000000 – 3.002900000 – 3.005400000 – 3.000400000 — 49.056847948179 – 48.372745443146
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Double top chart pattern – –