XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
A bearish movement downwards to the next support line at 3.167500000 is certain.
Caution: A possible change in the direction of the resistance zone at 3.660700000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3.660700000 |
| Current Price | 3.530000000 |
| Next Low | 3.167500000 |
| 2nd Low | 2.987300000 |
| 3rd Low | 2.877400000 |
3.660700000 – 3.298600000 – 3.100000000 – 3.167500000 – 2.987300000 – 2.877400000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern