XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support at 1.3775 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.4642 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Matching Low’ chart pattern is discovered. The candles show ‘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 probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.5171 |
| 2nd High | 1.4943 |
| Next High | 1.4642 |
| Current Price | 1.392600000 |
| Next Low | 1.3775 |
| 2nd Low | 1.3485 |
| 3rd Low | 1.3461 |
1.4642 – 1.4389 – 1.4293 – 1.3775 – 1.382 – 1.4268 —
1.423900000 – 1.402500000 —
41.239734003842 – 28.485056750497 —
– —
1.4642 – 1771682400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – – –