XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 3.380000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 3.535200000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Southern Doji’ chart pattern is detected. The chart forms ‘Southern Doji’. which 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 ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.660700000 |
| 2nd High | 3.545000000 |
| Next High | 3.535200000 |
| Current Price | 3.518000000 |
| Next Low | 3.380000000 |
| 2nd Low | 3.354700000 |
| 3rd Low | 3.343900000 |
3.535200000 – 3.451300000 – 3.459400000 – 3.380000000 – 3.354700000 – 3.343900000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Southern Doji – Triple bottom chart pattern