The currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards
An ascent upwards to the next resistance level at 3.347500000 will continue.
Caution: A possible reversal of the trend in the direction of support at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair could go up.
Also there is a ‘RSI cross above 70’ indicator signal is found. The indicator shows ‘RSI cross above 70’. which is often a bullish signal. The currency pair could go up.
Also there is a ‘StochRSI cross above 20’ indicator signal is found. The indicator shows ‘StochRSI cross above 20’. which is often a bullish signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 3.3825 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 3.347500000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency 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 | 3.578700000 |
| 2nd High | 3.382500000 |
| Next High | 3.347500000 |
| Current Price | 3.310600000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.347500000 – 3.382500000 – 3.018700000 – 3.152100000 – 3.205100000 – 2.964100000 — 64.52649578313 – 66.247219918504
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern – –