XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 3.202600000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 3.306700000 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.347500000 |
| 2nd High | 3.334200000 |
| Next High | 3.306700000 |
| Current Price | 3.271000000 |
| Next Low | 3.202600000 |
| 2nd Low | 3.115200000 |
| 3rd Low | 3.008700000 |
3.306700000 – 3.176500000 – 3.334200000 – 3.202600000 – 3.115200000 – 3.117600000 — 61.734393099303 – 54.19271241911
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern – –