XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support line at 3.163000000 will persist.
Caution: A possible change in the direction of the resistance zone at 3.578700000 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Southern Doji’ candle pattern is discovered. The candles form ‘Southern 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 probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.660700000 |
| 2nd High | 3.649500000 |
| Next High | 3.578700000 |
| Current Price | 3.263700000 |
| Next Low | 3.163000000 |
| 2nd Low | 3.156400000 |
| 3rd Low | 2.998100000 |
3.238700000 – 3.209800000 – 3.218100000 – 3.163000000 – 3.156400000 – 3.158400000 — 51.914079910191 – 51.765633890762
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern –