The pair Ripple/Tether (XRP/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 2.814000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 2.862900000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.
Besides a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Besides a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.922700000 |
| 2nd High | 2.886700000 |
| Next High | 2.862900000 |
| Current Price | 2.813500000 |
| Next Low | 2.814000000 |
| 2nd Low | 2.811000000 |
| 3rd Low | 2.762000000 |
2.862900000 – 2.886700000 – 2.865400000 – 2.814000000 – 2.811000000 – 2.762000000 — 47.537763448401 – 36.855032976305
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –