XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 3.158400000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 3.218100000 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘RSI cross above 70’ indicator layout is detected. The indicator is ‘RSI cross above 70’. which is often a bearish signal. The currency pair could go down.
In addition a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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 | 3.578700000 |
| 2nd High | 3.265100000 |
| Next High | 3.218100000 |
| Current Price | 3.181900000 |
| Next Low | 3.158400000 |
| 2nd Low | 2.998100000 |
| 3rd Low | 2.955500000 |
3.218100000 – 3.211100000 – 3.153400000 – 3.158400000 – 2.998100000 – 3.035300000 — 56.685823271219 – 51.695116267602
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern –