XRP/USDT – 30M – SELLNext a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The pair Ripple/Tether (XRP/USDT) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 3.093200000 is certain.
Caution: A possible change in the direction of resistance at 3.150000000 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Southern Doji’ candle chart pattern is existing. The chart shows ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.330800000 |
| 2nd High | 3.185600000 |
| Next High | 3.150000000 |
| Current Price | 3.119400000 |
| Next Low | 3.093200000 |
| 2nd Low | 3.053300000 |
| 3rd Low | 2.998100000 |
3.150000000 – 3.185600000 – 3.330800000 – 3.093200000 – 3.053300000 – 3.078800000 — 46.287667920764 – 45.986875939408
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Southern Doji – Symmetrical Triangle Chart Pattern –