XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 2.952300000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 3.013500000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Matching Low’ candlestick chart pattern is detected. The candles show ‘Matching Low’. this is a bullish chart scenario. 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 | 3.185800000 |
| 2nd High | 3.139700000 |
| Next High | 3.013500000 |
| Current Price | 2.917400000 |
| Next Low | 2.952300000 |
| 2nd Low | 2.935700000 |
| 3rd Low | 2.933700000 |
3.013500000 – 2.996100000 – 3.009100000 – 2.952300000 – 2.961800000 – 2.970000000 — 30.714869988026 – 30.689905494415
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –