XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 2.248500000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 2.353700000 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a bullish 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