XRP/USDT – 30M – SELLAlso there is a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards
The bearish trend down to the next support at 2.936700000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 3.036500000 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency 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 | 3.081700000 |
| 2nd High | 3.045400000 |
| Next High | 3.036500000 |
| Current Price | 2.942600000 |
| Next Low | 2.936700000 |
| 2nd Low | 2.933700000 |
| 3rd Low | 2.792700000 |
3.036500000 – 2.996400000 – 2.928500000 – 2.936700000 – 2.933700000 – 2.792700000 — 39.296753074775 – 35.587336738662
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –