XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 2.147500000 will persist.
Caution: A possible change in the direction of the resistance zone at 2.191200000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
Moreover a ‘Southern Doji’ candle pattern is found. The chart forms ‘Southern 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 ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.264200000 |
| 2nd High | 2.226500000 |
| Next High | 2.191200000 |
| Current Price | 2.181400000 |
| Next Low | 2.147500000 |
| 2nd Low | 2.059100000 |
| 3rd Low | 1.947500000 |
2.191200000 – 2.190300000 – 2.226500000 – 2.147500000 – 2.059100000 – 2.183700000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Southern Doji