XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 2.919300000 is certain.
Caution: A possible change in the direction of resistance at 2.974400000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.128000000 |
| 2nd High | 3.053500000 |
| Next High | 2.974400000 |
| Current Price | 2.854100000 |
| Next Low | 2.919300000 |
| 2nd Low | 2.782600000 |
| 3rd Low | 2.763700000 |
2.974400000 – 3.053500000 – 3.128000000 – 2.919300000 – 2.973600000 – 2.997100000 — 33.702780446527 – 32.085398977987
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – – –