There is also a ‘Double top chart pattern’ chart layout is discovered. The chart picture forms ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at will persist.
Caution: A possible change in the direction of the resistance zone at 3.141000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.
There is also a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive chart scenario. The 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 | 3.351200000 |
| 2nd High | 3.156000000 |
| Next High | 3.141000000 |
| Current Price | 3.107800000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.141000000 – 3.156000000 – 3.140700000 – 3.111500000 – 3.082900000 – 3.002400000 — 47.420533584385 – 43.859372504118
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top chart pattern – –