XRP/USDT – 30M – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
An ascending movement up to the next resistance at 3.578700000 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 3.163000000 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.660700000 |
| 2nd High | 3.649500000 |
| Next High | 3.578700000 |
| Current Price | 3.285400000 |
| Next Low | 3.163000000 |
| 2nd Low | 3.156400000 |
| 3rd Low | 2.998100000 |
3.238700000 – 3.209800000 – 3.218100000 – 3.163000000 – 3.156400000 – 3.158400000 — 59.217304489096 – 68.612768049082
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern –