XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 2.818400000 is certain.
Caution: A possible change in the direction of the resistance zone at 3.038000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.147200000 |
| 2nd High | 3.096900000 |
| Next High | 3.038000000 |
| Current Price | 2.963600000 |
| Next Low | 2.818400000 |
| 2nd Low | 2.803800000 |
| 3rd Low | 2.763700000 |
3.038000000 – 3.096900000 – 3.147200000 – 2.818400000 – 2.848800000 – 2.940400000 — 57.96253058765 – 56.705771458198
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern – –