XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards
An ascent upwards to the next resistance line at 2.337000000 will continue.
Caution: A possible change in the direction of the support level at 2.118100000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 2.22315 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 2.337000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 | 2.337000000 |
| Current Price | 2.168800000 |
| Next Low | 2.118100000 |
| 2nd Low | 2.109300000 |
| 3rd Low | 2.092400000 |
2.337000000 – 2.175900000 – 2.180100000 – 2.118100000 – 2.141700000 – 2.140700000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji