XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) goes from the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 3.649500000 will continue.
Caution: A possible trend reversal in the direction of support at 3.403800000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 3.6607 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 3.649500000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3.660700000 |
| Next High | 3.649500000 |
| Current Price | 3.478900000 |
| Next Low | 3.403800000 |
| 2nd Low | 3.354700000 |
| 3rd Low | 3.343900000 |
3.649500000 – 3.557900000 – 3.485500000 – 3.403800000 – 3.354700000 – 3.343900000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern