XRP/USDT – 1H – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance at 2.989600000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 2.818400000 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
Besides a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.096900000 |
| 2nd High | 3.038000000 |
| Next High | 2.989600000 |
| Current Price | 2.857200000 |
| Next Low | 2.818400000 |
| 2nd Low | 2.803800000 |
| 3rd Low | 2.763700000 |
2.989600000 – 3.038000000 – 3.096900000 – 2.818400000 – 2.848800000 – 2.940400000 — 41.646200773725 – 41.78668215113
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern – –