XRP/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The combination Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards
A bearish trend downwards to the next support level at 2.662900000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 2.894900000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. 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 | |
| 2nd High | 2.975000000 |
| Next High | 2.894900000 |
| Current Price | 2.845600000 |
| Next Low | 2.662900000 |
| 2nd Low | 2.659600000 |
| 3rd Low | 2.248500000 |
2.894900000 – 2.847600000 – 2.847900000 – 2.662900000 – 2.659600000 – 2.248500000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern