The pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance line at 1.121 is expected.
Caution: A possible change in the direction of the support level at 1.0535 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. 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 | 1.165 |
| 2nd High | 1.1354 |
| Next High | 1.121 |
| Current Price | 1.116100000 |
| Next Low | 1.0535 |
| 2nd Low | 1.0451 |
| 3rd Low | 1.0345 |
1.121 – 1.1043 – 1.1193 – 1.0535 – 1.0674 – 1.0868 —
1.129300000 – 1.114000000 —
71.727850045721 – 53.045768999348 —
– —
1.121 – 1784055600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – – –