XRP/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards
A descending movement down to the next support line at 2.180200000 will persist.
Caution: A possible change in the direction of resistance at 2.198000000 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Moreover a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which 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 | 2.229600000 |
| 2nd High | 2.212700000 |
| Next High | 2.198000000 |
| Current Price | 2.184700000 |
| Next Low | 2.180200000 |
| 2nd Low | 2.078200000 |
| 3rd Low | 1.908300000 |
2.198000000 – 2.189700000 – 2.145900000 – 2.180200000 – 2.078200000 – 2.095600000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern