XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) moves from the descending trendline upwards
An ascending movement upwards to the next resistance level at 3.038000000 will continue.
Caution: A possible trend reversal in the direction of the support line at 2.848800000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.147200000 |
| 2nd High | 3.096900000 |
| Next High | 3.038000000 |
| Current Price | 2.905400000 |
| Next Low | 2.848800000 |
| 2nd Low | 2.803800000 |
| 3rd Low | 2.763700000 |
3.038000000 – 3.096900000 – 3.147200000 – 2.848800000 – 2.940400000 – 3.082900000 — 45.706736221114 – 46.126705227568
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern – –