XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance line at 3.045400000 will persist.
Caution: A possible counter-trend in the direction of the support level at 2.953000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ chart pattern is found. The chart shows ‘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 | 3.128000000 |
| 2nd High | 3.081700000 |
| Next High | 3.045400000 |
| Current Price | 3.024400000 |
| Next Low | 2.953000000 |
| 2nd Low | 2.822300000 |
| 3rd Low | 2.782600000 |
3.045400000 – 3.081700000 – 3.128000000 – 2.953000000 – 2.822300000 – 2.969700000 — 60.367482989718 – 62.039724710512
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern – –