XRP/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The combination Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards
A bearish trend downwards to the next support level at 3.499600000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 3.649500000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Collapsing Doji Star’ chart pattern is detected. The chart shows ‘Collapsing Doji Star’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3.660700000 |
| Next High | 3.649500000 |
| Current Price | 3.556700000 |
| Next Low | 3.499600000 |
| 2nd Low | 3.403800000 |
| 3rd Low | 3.380000000 |
3.649500000 – 3.580900000 – 3.557900000 – 3.499600000 – 3.403800000 – 3.380000000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Collapsing Doji Star – Rising Wedge Chart Pattern