XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards
A descending movement down to the next support level at 3.117600000 is certain.
Caution: A possible change in the direction of resistance at 3.334200000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘StochRSI fall below 80’ indicator layout is existing. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The pair is likely to go down.
Additionally a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.372600000 |
| 2nd High | 3.347500000 |
| Next High | 3.334200000 |
| Current Price | 3.134200000 |
| Next Low | 3.117600000 |
| 2nd Low | 3.008700000 |
| 3rd Low | 2.964100000 |
3.334200000 – 3.214600000 – 3.279500000 – 3.117600000 – 3.158100000 – 3.156800000 — 48.285022945223 – 39.962448589722
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom retreat down – –