Additionally a ‘Double bottom chart pattern’ chart pattern is detected. The formation shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The pair is likely to go up.
The pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards
An ascent up to the next resistance line at 2.845500000 is certain.
Caution: A possible trend reversal in the direction of the support line at 2.762000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair could go up.
Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
Additionally a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.922700000 |
| 2nd High | 2.869300000 |
| Next High | 2.845500000 |
| Current Price | 2.849700000 |
| Next Low | 2.762000000 |
| 2nd Low | 2.697500000 |
| 3rd Low | 2.662900000 |
2.845500000 – 2.832900000 – 2.839000000 – 2.762000000 – 2.697500000 – 2.701400000 — 58.507101434031 – 63.840068408018
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern – –