XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance level at 3.218100000 is certain.
Caution: A possible counter-trend in the direction of the support line at 2.998100000 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘RSI cross above 70’ indicator signal is existing. The indicator shows ‘RSI cross above 70’. which could be a positive chart signal. The currency pair could go up.
Moreover a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.578700000 |
| 2nd High | 3.265100000 |
| Next High | 3.218100000 |
| Current Price | 3.222600000 |
| Next Low | 2.998100000 |
| 2nd Low | 2.955500000 |
| 3rd Low | 2.803800000 |
3.218100000 – 3.265100000 – 3.578700000 – 2.998100000 – 2.955500000 – 3.421800000 — 61.282494658789 – 64.337950843271
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom retreat down –