XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 3.055800000 is expected.
Caution: A possible trend reversal in the direction of resistance at 3.139700000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 | 3.139700000 |
| Current Price | 3.090100000 |
| Next Low | 3.055800000 |
| 2nd Low | 2.981400000 |
| 3rd Low | 2.964200000 |
3.139700000 – 3.112000000 – 3.058600000 – 3.055800000 – 2.981400000 – 3.002900000 — 46.907128583803 – 42.261758064002
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – – –