Then a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A bearish descent downwards to the next support at 3.246100000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 3.347500000 could occur.
Consider stop-loss settings accordingly.
Then a ‘RSI fall below 70’ indicator signal is existing. The indicator shows ‘RSI fall below 70’. which could be a negative chart signal. The currency pair could go down.
Then a ‘StochRSI fall below 80’ indicator signal is existing. The indicator shows ‘StochRSI fall below 80’. which could be a negative chart signal. The currency pair could go down.
Then a ‘Northern Doji’ candlestick chart pattern is discovered. 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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.382500000 |
| 2nd High | 3.372600000 |
| Next High | 3.347500000 |
| Current Price | 3.225800000 |
| Next Low | 3.246100000 |
| 2nd Low | 3.205100000 |
| 3rd Low | 3.008700000 |
3.347500000 – 3.340400000 – 3.372600000 – 3.246100000 – 3.205100000 – 3.008700000 — 40.000933221384 – 32.050354338069
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –