XRP/USDT – 30M – SELLBesides a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.
The bearish trend downwards to the next support at 2.662900000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 2.847600000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.975000000 |
| 2nd High | 2.847900000 |
| Next High | 2.847600000 |
| Current Price | 2.794000000 |
| Next Low | 2.662900000 |
| 2nd Low | 2.659600000 |
| 3rd Low | 2.248500000 |
2.847600000 – 2.847900000 – 2.975000000 – 2.662900000 – 2.659600000 – 2.248500000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern