XRP/USDT – 4H – BUYThe currency pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 2.975000000 is expected.
Caution: A possible trend reversal in the direction of the support level at 2.196000000 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 2.975000000 |
| Current Price | 2.914600000 |
| Next Low | 2.196000000 |
| 2nd Low | 2.078200000 |
| 3rd Low | 1.908300000 |
2.975000000 – 2.327100000 – 2.229600000 – 2.196000000 – 2.078200000 – 1.908300000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern