XRP/USDT – 30M – SELLAlso there is a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A descent down to the next support level at 2.936700000 will persist.
Caution: A possible change in the direction of the resistance level at 3.036500000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a positive chart scenario. 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 | 3.081700000 |
| 2nd High | 3.045400000 |
| Next High | 3.036500000 |
| Current Price | 2.942600000 |
| Next Low | 2.936700000 |
| 2nd Low | 2.933700000 |
| 3rd Low | 2.792700000 |
3.036500000 – 2.996400000 – 2.928500000 – 2.936700000 – 2.933700000 – 2.792700000 — 39.296753074775 – 35.587336738662
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –