XRP/USDT – 30M – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance at 2.834900000 is expected.
Caution: A possible change in the direction of the support level at 2.760400000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.026300000 |
| 2nd High | 2.922700000 |
| Next High | 2.834900000 |
| Current Price | 2.803800000 |
| Next Low | 2.760400000 |
| 2nd Low | 2.662900000 |
| 3rd Low | 2.659600000 |
2.834900000 – 2.922700000 – 3.026300000 – 2.760400000 – 2.943200000 – 2.953000000 — 44.36828246932 – 48.2470264811
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – – –