XRP/USDT – 1H – SELL

The combination Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards

A bearish movement downwards to the next support at 1.3901 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.4209 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Matching Low’ candle pattern is detected. The chart forms ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.4209 – 1.4003 – 1.3999 – 1.3901 – 1.3829 – 1.3814 —
1.420600000 – 1.418100000 —
62.419579745525 – 64.236219639463 —
– —
1.4209 – 1777867200

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –