XRP/USDT – 1H – BUYIn addition a ‘Falling Wedge Chart Pattern’ chart pattern is discovered. The formation shows ‘Falling Wedge Chart Pattern’. which is a positive chart scenario. The currency pair is likely to go up.
The currency pair Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance line at 2.255300000 will persist.
Caution: A possible change in the direction of the support level at 2.116300000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 2.21515 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 2.255300000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.354300000 |
| 2nd High | 2.337900000 |
| Next High | 2.255300000 |
| Current Price | 2.163500000 |
| Next Low | 2.116300000 |
| 2nd Low | 2.092400000 |
| 3rd Low | 2.059100000 |
2.255300000 – 2.337900000 – 2.320100000 – 2.116300000 – 2.092400000 – 2.260100000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji