XRP/USDT – 4H – BUYAnd also a ‘Falling Wedge Chart Pattern’ chart layout is existing. The chart shows ‘Falling Wedge Chart Pattern’. which is a bullish signal. The pair is likely to go up.
The combination Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance line at 2.337900000 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 2.092400000 could happen.
Consider stop-loss settings accordingly.
And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 2.3883554 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 2.337900000 could happen.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘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 | 2.478000000 |
| 2nd High | 2.359300000 |
| Next High | 2.337900000 |
| Current Price | 2.324100000 |
| Next Low | 2.092400000 |
| 2nd Low | 2.059100000 |
| 3rd Low | 1.613400000 |
2.337900000 – 2.282100000 – 2.359300000 – 2.092400000 – 2.059100000 – 2.079400000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji