XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support at 3.343900000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 3.485500000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.660700000 |
| 2nd High | 3.545000000 |
| Next High | 3.485500000 |
| Current Price | 3.410400000 |
| Next Low | 3.343900000 |
| 2nd Low | 3.167500000 |
| 3rd Low | 2.987300000 |
3.485500000 – 3.545000000 – 3.660700000 – 3.343900000 – 3.400500000 – 3.167500000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Double bottom retreat down