And also a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
The bearish trend down to the next support line at is certain.
Caution: A possible change in the direction of resistance at 1.3683 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.
And also a ‘Two Crows’ candlestick pattern is detected. The candles show ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4379 |
| 2nd High | 1.3726 |
| Next High | 1.3683 |
| Current Price | 1.317500000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.3683 – 1.3675 – 1.3669 – 1.2802 – 1.3038 – 1.3166 —
1.321100000 – 1.320800000 —
53.018555551818 – 52.353533263415 —
– —
1.3683 – 1775062800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –