XRP/USDT – 30M – BUYAdditionally a ‘Double bottom chart pattern’ chart layout is existing. The chart picture shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to go up.
The combination Ripple/Tether (XRP/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 2.865400000 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 2.811000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.922700000 |
| 2nd High | 2.869300000 |
| Next High | 2.865400000 |
| Current Price | 2.868500000 |
| Next Low | 2.811000000 |
| 2nd Low | 2.762000000 |
| 3rd Low | 2.697500000 |
2.865400000 – 2.845500000 – 2.832900000 – 2.811000000 – 2.762000000 – 2.697500000 — 58.646889504577 – 62.178639320706
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern – –