XRP/USDT – 30M – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance level at 2.818400000 is likely expected.
Caution: A possible reversal of the trend in the direction of support at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.
Furthermore a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.922700000 |
| 2nd High | 2.834900000 |
| Next High | 2.818400000 |
| Current Price | 2.818100000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.818400000 – 2.834900000 – 2.922700000 – 2.774600000 – 2.760400000 – 2.943200000 — 57.348553768595 – 58.898249201546
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom retreat down – –