XRP/USDT – 4H – SELLAlso there is a ‘Double top chart pattern’ chart pattern is existing. The formation shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The combination Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support at 2.892000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 3.156000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.382500000 |
| 2nd High | 3.351200000 |
| Next High | 3.156000000 |
| Current Price | 2.945700000 |
| Next Low | 2.892000000 |
| 2nd Low | 2.196000000 |
| 3rd Low | 2.078200000 |
3.156000000 – 3.351200000 – 3.334200000 – 2.991500000 – 3.115200000 – 2.892000000 — 42.312159018453 – 35.87662714695
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top chart pattern – –