XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 2.248500000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 2.353700000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.359300000 |
| 2nd High | 2.354300000 |
| Next High | 2.353700000 |
| Current Price | 2.258600000 |
| Next Low | 2.248500000 |
| 2nd Low | 2.209700000 |
| 3rd Low | 2.196000000 |
2.353700000 – 2.279000000 – 2.228800000 – 2.248500000 – 2.255200000 – 2.209700000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern