Also there is a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
The bearish trend down to the next support line at 2.892000000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 3.382500000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.
Also there is a ‘RSI cross above 30’ indicator layout is detected. The indicator is ‘RSI cross above 30’. which could be a negative signal. The pair is likely to go down.
Also there is a ‘StochRSI cross above 20’ indicator layout is detected. The indicator is ‘StochRSI cross above 20’. which could be a negative signal. The pair is likely to go down.
Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Also there is a ‘Southern Doji’ candlestick pattern is discovered. The candles form ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.660700000 |
| 2nd High | 3.649500000 |
| Next High | 3.382500000 |
| Current Price | 3.144000000 |
| Next Low | 2.892000000 |
| 2nd Low | 2.196000000 |
| 3rd Low | 2.078200000 |
3.382500000 – 3.178400000 – 3.330800000 – 2.892000000 – 2.955500000 – 2.196000000 — 44.559937346683 – 44.093800774652
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –