The combination Ripple/Tether (XRP/USDT) moves from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 2.0299 is considered certain.
Caution: A possible trend reversal in the direction of support at 1.87 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.8372 |
| 2nd High | 2.0661 |
| Next High | 2.0299 |
| Current Price | 1.905500000 |
| Next Low | 1.87 |
| 2nd Low | 1.847 |
| 3rd Low | 1.6134 |
2.0299 – 2.0661 – 2.8372 – 1.87 – 1.847 – 2.047 —
1.914200000 – 1.959000000 —
46.367927232183 – 40.988275446735 —
– —
2.02990 – 1768838400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top retreat up – –