The currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish trend up to the next resistance line at 2.963700000 is certain.
Caution: A possible change in the direction of the support line at 2.803800000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair could go up.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.
And also a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. this 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3.035000000 |
| Next High | 2.963700000 |
| Current Price | 2.911500000 |
| Next Low | 2.803800000 |
| 2nd Low | 2.763700000 |
| 3rd Low | 2.662900000 |
2.963700000 – 3.035000000 – 2.894900000 – 2.803800000 – 2.763700000 – 2.662900000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji –