XRP/USDT – 30M – SELLAlso there is a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support level at 2.662900000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 2.894900000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 2.975000000 |
| Next High | 2.894900000 |
| Current Price | 2.845600000 |
| Next Low | 2.662900000 |
| 2nd Low | 2.659600000 |
| 3rd Low | 2.248500000 |
2.894900000 – 2.847600000 – 2.847900000 – 2.662900000 – 2.659600000 – 2.248500000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern