XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 2.248500000 will persist.
Caution: A possible counter-trend in the direction of resistance at 2.353700000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading 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