XRP/USDT – 30M – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance at 3.535200000 is considered certain.
Caution: A possible change in the direction of the support level at 3.380000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. 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 | 3.660700000 |
| 2nd High | 3.545000000 |
| Next High | 3.535200000 |
| Current Price | 3.534300000 |
| Next Low | 3.380000000 |
| 2nd Low | 3.354700000 |
| 3rd Low | 3.343900000 |
3.535200000 – 3.451300000 – 3.459400000 – 3.380000000 – 3.354700000 – 3.343900000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern