XRP/USDT – 4H – SELLThe pair Ripple/Tether (XRP/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 1.3218 will continue.
Caution: A possible trend reversal in the direction of resistance at 1.4427 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Matching Low’ candle pattern is existing. The chart forms ‘Matching Low’. this is a bullish 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 | 1.4935 |
| 2nd High | 1.4732 |
| Next High | 1.4427 |
| Current Price | 1.398900000 |
| Next Low | 1.3218 |
| 2nd Low | 1.27 |
| 3rd Low | 1.1172 |
1.4427 – 1.4732 – 1.4332 – 1.3218 – 1.3341 – 1.27 —
1.393600000 – 1.452800000 —
53.575893070616 – 58.279300381995 —
– —
1.4427 – 1773144000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –