XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support level at 2.0263 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 2.0673 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.
Moreover a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.0866 |
| 2nd High | 2.0798 |
| Next High | 2.0673 |
| Current Price | 2.054100000 |
| Next Low | 2.0263 |
| 2nd Low | 1.2543 |
| 3rd Low |
2.0673 – 2.0798 – 2.0866 – 2.0536 – 2.0263 – 2.0577 — 39.71504346607 – 37.883873019544 — 64.006820347878 – 58.680196977534 – 54.31119298708 – 59.427810822531
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Inverse Head and Shoulder chart pattern – –