XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 2.248500000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 2.353700000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this 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