XRP/USDT – 30M – SELL

The combination Ripple/Tether (XRP/USDT) goes from the descending trendline down.

A continuation of the downward movement down to the next support at 2.662900000 is likely expected.

Caution: A possible change in the direction of the resistance line at 2.847600000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Furthermore a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish chart scenario. 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).

2.847600000 – 2.847900000 – 2.975000000 – 2.662900000 – 2.659600000 – 2.248500000

Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Double bottom retreat down