XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
The bearish trend downwards to the next support level at 3.226600000 will continue.
Caution: A possible change in the direction of resistance at 3.372600000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 3.2831272 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 3.372600000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Southern Doji’ candle pattern is existing. The candles show ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.578700000 |
| 2nd High | 3.382500000 |
| Next High | 3.372600000 |
| Current Price | 3.325300000 |
| Next Low | 3.226600000 |
| 2nd Low | 3.202600000 |
| 3rd Low | 3.115200000 |
3.335000000 – 3.306700000 – 3.176500000 – 3.226600000 – 3.202600000 – 3.115200000 — 59.711320177081 – 59.402936258004
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Southern Doji – Triple bottom chart pattern – –