XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 3.218100000 will persist.
Caution: A possible trend reversal in the direction of the support line at 2.998100000 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘RSI fall below 70’ indicator layout is existing. The indicator is ‘RSI fall below 70’. which is often a bullish chart scenario. The currency pair is likely to rise.
Moreover a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. 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 | 3.578700000 |
| 2nd High | 3.265100000 |
| Next High | 3.218100000 |
| Current Price | 3.198100000 |
| Next Low | 2.998100000 |
| 2nd Low | 2.955500000 |
| 3rd Low | 2.803800000 |
3.218100000 – 3.265100000 – 3.578700000 – 2.998100000 – 2.955500000 – 3.421800000 — 55.886055558568 – 58.666816414799
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern –