XRP/USDT – 1H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The combination Ripple/Tether (XRP/USDT) jumps from the ascending trendline down.
A bearish trend downwards to the next support at 1.1261 is certain.
Caution: A possible change in the direction of resistance at 1.161 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Two Crows’ candlestick chart pattern is detected. The candles form ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.2491 |
| 2nd High | 1.1866 |
| Next High | 1.161 |
| Current Price | 1.148100000 |
| Next Low | 1.1261 |
| 2nd Low | 1.1042 |
| 3rd Low | 1.0884 |
1.161 – 1.1577 – 1.1376 – 1.1261 – 1.1042 – 1.0884 —
1.147700000 – 1.154500000 —
54.183890406054 – 59.638313373761 —
– —
1.161 – 1781362800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –