XRP/USDT – 30M – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance at 3.485500000 will continue.
Caution: A possible trend reversal in the direction of support at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.
Also there is a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which 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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.660700000 |
| 2nd High | 3.545000000 |
| Next High | 3.485500000 |
| Current Price | 3.443900000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.485500000 – 3.545000000 – 3.660700000 – 3.343900000 – 3.400500000 – 3.167500000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji –