XRP/USDT – 4H – SELLThe pair Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards
A descent downwards to the next support line at 1.2677 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.3661 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Southern Doji’ candle pattern is found. The chart shows ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3862 |
| 2nd High | 1.3762 |
| Next High | 1.3661 |
| Current Price | 1.267100000 |
| Next Low | 1.2677 |
| 2nd Low | 1.1172 |
| 3rd Low |
1.3661 – 1.3762 – 1.3862 – 1.2677 – 1.3019 – 1.3477 —
1.342500000 – 1.297200000 —
49.823422690096 – 36.622517212613 —
– —
1.3661 – 1780099200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Southern Doji – – –