XRP/USDT – 1H – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance line at 3.265100000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 2.955500000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ candlestick chart pattern is discovered. 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.649500000 |
| 2nd High | 3.578700000 |
| Next High | 3.265100000 |
| Current Price | 3.072600000 |
| Next Low | 2.955500000 |
| 2nd Low | 2.803800000 |
| 3rd Low | 2.763700000 |
3.265100000 – 3.578700000 – 3.649500000 – 2.955500000 – 3.421800000 – 3.403800000 — 43.469820074457 – 43.748356692009
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top retreat up –