XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 3.078800000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 3.185600000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘RSI fall below 30’ indicator signal is found. The indicator is ‘RSI fall below 30’. which could be a negative chart signal. The currency pair could go down.
And also a ‘Southern Doji’ candlestick pattern is discovered. The chart forms ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.578700000 |
| 2nd High | 3.330800000 |
| Next High | 3.185600000 |
| Current Price | 3.117300000 |
| Next Low | 3.078800000 |
| 2nd Low | 2.998100000 |
| 3rd Low | 2.955500000 |
3.185600000 – 3.330800000 – 3.238700000 – 3.078800000 – 3.163000000 – 3.156400000 — 43.965935804607 – 43.457902609571
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Southern Doji – Double top chart pattern –