XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.
A descending movement down to the next support level at 2.165000000 is expected.
Caution: A possible counter-trend in the direction of resistance at 2.243300000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.
Additionally a ‘Southern Doji’ chart pattern is detected. The chart forms ‘Southern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.327100000 |
| 2nd High | 2.313500000 |
| Next High | 2.243300000 |
| Current Price | 2.206900000 |
| Next Low | 2.165000000 |
| 2nd Low | 2.078200000 |
| 3rd Low | 1.908300000 |
2.243300000 – 2.313500000 – 2.327100000 – 2.207700000 – 2.239000000 – 2.223900000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Southern Doji –