XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 2.848800000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 2.914200000 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. 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 | 3.096900000 |
| 2nd High | 3.038000000 |
| Next High | 2.914200000 |
| Current Price | 2.910400000 |
| Next Low | 2.848800000 |
| 2nd Low | 2.840700000 |
| 3rd Low | 2.803800000 |
2.914200000 – 3.038000000 – 3.096900000 – 2.848800000 – 2.973100000 – 2.940400000 — 59.500747101963 – 51.644255179688
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom retreat down – –