XRP/USDT – 4H – SELLAnd also a ‘Double bottom retreat down’ chart layout is existing. The chart picture forms ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to go down.
The pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards
A descending movement downwards to the next support level at 2.078200000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2.327100000 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.337900000 |
| 2nd High | 2.337000000 |
| Next High | 2.327100000 |
| Current Price | 2.223900000 |
| Next Low | 2.078200000 |
| 2nd Low | 1.908300000 |
| 3rd Low |
2.327100000 – 2.229600000 – 2.337000000 – 2.078200000 – 1.908300000 – 2.092400000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Double bottom retreat down