XRP/USDT – 1H – SELLAdditionally a ‘Double top chart pattern’ chart formation is discovered. The chart forms ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The pair Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
A descent downwards to the next support at 2.964100000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 3.334200000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘StochRSI fall below 80’ indicator signal is detected. The indicator shows ‘StochRSI fall below 80’. which could be a negative chart scenario. The currency pair could go down.
Additionally a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.382500000 |
| 2nd High | 3.347500000 |
| Next High | 3.334200000 |
| Current Price | 3.141800000 |
| Next Low | 2.964100000 |
| 2nd Low | 2.901400000 |
| 3rd Low | 2.892000000 |
3.334200000 – 3.347500000 – 3.382500000 – 3.152100000 – 3.205100000 – 2.964100000 — 44.382838581095 – 40.278428201574
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top chart pattern – –