XRP/USDT – 1H – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the descending trendline upwards
A bullish trend up to the next resistance at 3.142700000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 2.991500000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish signal. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.382500000 |
| 2nd High | 3.351200000 |
| Next High | 3.142700000 |
| Current Price | 3.057300000 |
| Next Low | 2.991500000 |
| 2nd Low | 2.964100000 |
| 3rd Low | 2.901400000 |
3.142700000 – 3.351200000 – 3.335000000 – 2.991500000 – 3.202600000 – 3.115200000 — 37.251040620863 – 37.547691900147
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top retreat up – –