XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support at 2.248500000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 2.353700000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish signal. The currency 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 | 2.359300000 |
| 2nd High | 2.354300000 |
| Next High | 2.353700000 |
| Current Price | 2.258600000 |
| Next Low | 2.248500000 |
| 2nd Low | 2.209700000 |
| 3rd Low | 2.196000000 |
2.353700000 – 2.279000000 – 2.228800000 – 2.248500000 – 2.255200000 – 2.209700000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern