XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 2.848800000 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 3.038000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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 | 3.147200000 |
| 2nd High | 3.096900000 |
| Next High | 3.038000000 |
| Current Price | 2.884300000 |
| Next Low | 2.848800000 |
| 2nd Low | 2.803800000 |
| 3rd Low | 2.763700000 |
3.038000000 – 3.096900000 – 3.147200000 – 2.848800000 – 2.940400000 – 3.082900000 — 43.70239824022 – 41.89991655449
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern – –