XRP/USDT – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.3688376 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 1.4525 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Matching Low’ candle chart pattern is existing. 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 likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4935 |
| 2nd High | 1.4732 |
| Next High | 1.4525 |
| Current Price | 1.398600000 |
| Next Low | 1.396 |
| 2nd Low | 1.3452 |
| 3rd Low | 1.3366 |
1.4525 – 1.4732 – 1.3877 – 1.396 – 1.4085 – 1.3452 —
1.420600000 – 1.411900000 —
48.357974099154 – 44.933228439761 —
– —
1.4525 – 1772704800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –