XRP/USDT – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline down.
A descent down to the next support at 3.226600000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 3.351200000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency 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 | 3.351200000 |
| Current Price | 3.248400000 |
| Next Low | 3.226600000 |
| 2nd Low | 3.202600000 |
| 3rd Low | 3.115200000 |
3.351200000 – 3.335000000 – 3.306700000 – 3.226600000 – 3.202600000 – 3.115200000 — 43.835324375852 – 40.09627363973
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –