XRP/USDT – 30M – SELLThere is also a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.
The bearish trend downwards to the next support line at 1.1275 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.1551 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Tweezers Top’ candlestick pattern is found. The candles form ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1923 |
| 2nd High | 1.1825 |
| Next High | 1.1551 |
| Current Price | 1.145900000 |
| Next Low | 1.1275 |
| 2nd Low | 1.1187 |
| 3rd Low | 1.1042 |
1.1551 – 1.144 – 1.153 – 1.1275 – 1.1187 – 1.1329 —
1.150100000 – 1.156000000 —
55.637032602889 – 57.67814166986 —
– —
1.1551 – 1781931600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern – –