XRP/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A descent downwards to the next support level at 3.499600000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 3.649500000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Collapsing Doji Star’ chart pattern is detected. The candles show ‘Collapsing Doji Star’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3.660700000 |
| Next High | 3.649500000 |
| Current Price | 3.556700000 |
| Next Low | 3.499600000 |
| 2nd Low | 3.403800000 |
| 3rd Low | 3.380000000 |
3.649500000 – 3.580900000 – 3.557900000 – 3.499600000 – 3.403800000 – 3.380000000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Collapsing Doji Star – Rising Wedge Chart Pattern