XRP/USDT – 1H – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 2.354300000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 2.222300000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 2.2988 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 2.354300000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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 | 2.360000000 |
| 2nd High | 2.359300000 |
| Next High | 2.354300000 |
| Current Price | 2.316400000 |
| Next Low | 2.222300000 |
| 2nd Low | 2.166100000 |
| 3rd Low | 2.147500000 |
2.298800000 – 2.191200000 – 2.190300000 – 2.222300000 – 2.166100000 – 2.147500000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji