The pair Ripple/Tether (XRP/USDT) goes from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 3.066900000 will persist.
Caution: A possible trend reversal in the direction of the support level at 2.953200000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 3.0695 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 3.066900000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candlestick pattern is found. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.351200000 |
| 2nd High | 3.185800000 |
| Next High | 3.066900000 |
| Current Price | 3.028300000 |
| Next Low | 2.953200000 |
| 2nd Low | 2.935700000 |
| 3rd Low | 2.933700000 |
3.066900000 – 3.185800000 – 3.137600000 – 2.953200000 – 3.012000000 – 3.009900000 — 53.428387477297 – 55.286926253269
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern – –