The currency pair Ripple/Tether (XRP/USDT) goes from the descending trendline upwards
The bullish trend up to the next resistance line at 3.147200000 will persist.
Caution: A possible trend reversal in the direction of support at 2.940400000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.
Next a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Next a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency 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 | 3.351200000 |
| 2nd High | 3.156000000 |
| Next High | 3.147200000 |
| Current Price | 3.070500000 |
| Next Low | 2.940400000 |
| 2nd Low | 2.901400000 |
| 3rd Low | 2.892000000 |
3.147200000 – 3.141000000 – 3.156000000 – 2.940400000 – 3.077300000 – 3.111500000 — 63.026557513939 – 67.414603434867
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top retreat up – –