XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support at 2.147500000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 2.191200000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.
Next a ‘Collapsing Doji Star’ candle chart pattern is found. The candles show ‘Collapsing Doji Star’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.264200000 |
| 2nd High | 2.226500000 |
| Next High | 2.191200000 |
| Current Price | 2.177900000 |
| 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 – Collapsing Doji Star