XRP/USDT – 4H – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 3.035000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 2.196000000 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3.035000000 |
| Current Price | 3.486900000 |
| Next Low | 2.196000000 |
| 2nd Low | 2.078200000 |
| 3rd Low | 1.908300000 |
3.035000000 – 2.975000000 – 2.327100000 – 2.196000000 – 2.078200000 – 1.908300000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern