XRP/USDT – 4H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support at is expected.
Caution: A possible trend reversal in the direction of the resistance line at 3.105600000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.
And also a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. 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 | 3.351200000 |
| 2nd High | 3.156000000 |
| Next High | 3.105600000 |
| Current Price | 2.964200000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.105600000 – 3.156000000 – 3.351200000 – 2.782600000 – 2.818400000 – 2.991500000 — 55.301740369904 – 45.859250563832
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern – –