XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) moves from the ascending trendline downwards
The bearish trend down to the next support level at 2.140700000 will continue.
Caution: A possible trend reversal in the direction of resistance at 2.337000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.354300000 |
| 2nd High | 2.337900000 |
| Next High | 2.337000000 |
| Current Price | 2.167600000 |
| Next Low | 2.140700000 |
| 2nd Low | 2.109300000 |
| 3rd Low | 2.092400000 |
2.337000000 – 2.175900000 – 2.180100000 – 2.140700000 – 2.109300000 – 2.116300000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji