XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 2.964200000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 3.058600000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The 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 | 3.185800000 |
| 2nd High | 3.066900000 |
| Next High | 3.058600000 |
| Current Price | 3.020500000 |
| Next Low | 2.964200000 |
| 2nd Low | 2.953200000 |
| 3rd Low | 2.935700000 |
3.058600000 – 3.066900000 – 3.185800000 – 2.964200000 – 2.953200000 – 3.009900000 — 52.721198990023 – 46.783027540657
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern – –