XRP/USDT – 30M – SELLNext a ‘Double top chart pattern’ chart layout is discovered. The chart picture shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline down.
A descending movement downwards to the next support level at 2.953200000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 3.066900000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.351200000 |
| 2nd High | 3.185800000 |
| Next High | 3.066900000 |
| Current Price | 3.009200000 |
| Next Low | 2.953200000 |
| 2nd Low | 2.935700000 |
| 3rd Low | 2.933700000 |
3.066900000 – 3.185800000 – 3.137600000 – 2.953200000 – 3.012000000 – 3.009900000 — 53.428387477297 – 48.562277822571
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top chart pattern – –