XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 3.380000000 is expected.
Caution: A possible change in the direction of resistance at 3.459400000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.545000000 |
| 2nd High | 3.485500000 |
| Next High | 3.459400000 |
| Current Price | 3.422900000 |
| Next Low | 3.380000000 |
| 2nd Low | 3.354700000 |
| 3rd Low | 3.343900000 |
3.459400000 – 3.485500000 – 3.545000000 – 3.380000000 – 3.354700000 – 3.343900000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Double bottom retreat down