XRP/USDT – 1H – SELLBesides a ‘Double top chart pattern’ chart pattern is found. The chart picture shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The combination Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
A descending movement down to the next support level at is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 3.330800000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.
Besides a ‘Collapsing Doji Star’ candlestick pattern is discovered. The candles form ‘Collapsing Doji Star’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.649500000 |
| 2nd High | 3.578700000 |
| Next High | 3.330800000 |
| Current Price | 3.160500000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.330800000 – 3.238700000 – 3.218100000 – 3.163000000 – 3.156400000 – 2.998100000 — 51.116520070139 – 47.248561018372
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Collapsing Doji Star – Double top chart pattern –