XRP/USDT – 1H – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish trend up to the next resistance line at 3.660700000 will persist.
Caution: A possible trend reversal in the direction of the support level at 3.403800000 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Additionally a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3.660700000 |
| Current Price | 3.601200000 |
| Next Low | 3.403800000 |
| 2nd Low | 3.354700000 |
| 3rd Low | 3.343900000 |
3.557900000 – 3.485500000 – 3.660700000 – 3.403800000 – 3.354700000 – 3.343900000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern