XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.
A bearish movement downwards to the next support at 2.877400000 will continue.
Caution: A possible counter-trend in the direction of resistance at 3.100000000 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3.100000000 |
| Current Price | 3.140900000 |
| Next Low | 2.877400000 |
| 2nd Low | 2.840700000 |
| 3rd Low | 2.803800000 |
3.100000000 – 2.936500000 – 2.946200000 – 2.877400000 – 2.840700000 – 2.803800000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern