Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.0941644 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 1.1193 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Matching Low’ chart pattern is detected. The candles show ‘Matching Low’. this is a bullish pattern signal. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.165 |
| 2nd High | 1.1354 |
| Next High | 1.1193 |
| Current Price | 1.101800000 |
| Next Low | 1.0868 |
| 2nd Low | 1.0864 |
| 3rd Low | 1.0826 |
1.1193 – 1.1018 – 1.1029 – 1.0868 – 1.0894 – 1.0864 —
1.100000000 – 1.103300000 —
53.465339156345 – 58.199492460192 —
– —
1.1193 – 1783796400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – – –