XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 2.248500000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 2.353700000 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. this 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 likelyhood 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