The currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 3.088600000 will continue.
Caution: A possible trend reversal in the direction of the support line at is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 3.1056 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 3.088600000 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.147200000 |
| 2nd High | 3.105600000 |
| Next High | 3.088600000 |
| Current Price | 3.037500000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.088600000 – 3.075600000 – 3.105600000 – 2.997100000 – 3.007200000 – 2.969700000 — 51.737574955495 – 55.22411594927
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – – –