XRP/USDT – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.

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

A descending movement down to the next support at 1.0322 is certain.

Caution: A possible change in the direction of the resistance level at 1.0768 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.025366 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 1.0768 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Matching Low’ chart pattern is detected. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.0768 – 1.0591 – 1.0777 – 1.0322 – 1.0419 – 1.0092 —
1.051400000 – 1.036100000 —
46.846281583309 – 38.545902088333 —
– —
1.0768 – 1782759600

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