XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 2.248500000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 2.353700000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘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’ 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