XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support level at is expected.
Caution: A possible reversal of the trend in the direction of resistance at 3.058600000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.
In addition a ‘Southern Doji’ chart pattern is detected. The chart shows ‘Southern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.185800000 |
| 2nd High | 3.066900000 |
| Next High | 3.058600000 |
| Current Price | 3.020500000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.058600000 – 3.049600000 – 3.043000000 – 3.000400000 – 2.964200000 – 2.970800000 — 45.453746782391 – 45.242492987099
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Southern Doji – Symmetrical Triangle Chart Pattern – –