XRP/USDT – 1H – SELLIn addition a ‘Triple top chart pattern’ chart layout is detected. The chart shows ‘Triple top chart pattern’. this is a bearish signal. The currency pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
A bearish descent down to the next support level at 2.964200000 is certain.
Caution: A possible trend reversal in the direction of resistance at 3.009100000 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.
In addition a ‘Matching Low’ candlestick chart pattern is detected. The chart forms ‘Matching Low’. this 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 success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.185800000 |
| 2nd High | 3.139700000 |
| Next High | 3.009100000 |
| Current Price | 2.974400000 |
| Next Low | 2.964200000 |
| 2nd Low | 2.953200000 |
| 3rd Low | 2.935700000 |
3.009100000 – 3.139700000 – 3.058600000 – 2.978400000 – 2.981400000 – 2.964200000 — 35.959067818664 – 35.872191639401
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Triple top chart pattern – –