XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance at 3.162100000 is considered certain.
Caution: A possible reversal of the trend in the direction of support at should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ chart pattern is discovered. The candles form ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.330800000 |
| 2nd High | 3.185600000 |
| Next High | 3.162100000 |
| Current Price | 3.139800000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.162100000 – 3.185600000 – 3.330800000 – 3.053300000 – 3.078800000 – 3.163000000 — 54.512666599237 – 55.208175122503
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Triple top chart pattern –