XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.
A bearish trend downwards to the next support level at is expected.
Caution: A possible reversal of the trend in the direction of resistance at 2.329300000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
Besides a ‘Southern Doji’ candle pattern is detected. The chart forms ‘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 | 2.359300000 |
| 2nd High | 2.354300000 |
| Next High | 2.329300000 |
| Current Price | 2.276500000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.329300000 – 2.298800000 – 2.224800000 – 2.222300000 – 2.166100000 – 2.172300000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Southern Doji