XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 3.343900000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 3.485500000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.660700000 |
| 2nd High | 3.545000000 |
| Next High | 3.485500000 |
| Current Price | 3.430100000 |
| Next Low | 3.343900000 |
| 2nd Low | 3.167500000 |
| 3rd Low | 2.987300000 |
3.485500000 – 3.545000000 – 3.660700000 – 3.343900000 – 3.400500000 – 3.167500000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji –