The combination Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance line at 2.832900000 will continue.
Caution: A possible trend reversal in the direction of support at 2.697500000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The pair is likely to go up.
There is also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 2.8693 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance line at 2.832900000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The 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 | 2.869300000 |
| 2nd High | 2.839000000 |
| Next High | 2.832900000 |
| Current Price | 2.839900000 |
| Next Low | 2.697500000 |
| 2nd Low | 2.662900000 |
| 3rd Low | 2.659600000 |
2.832900000 – 2.839000000 – 2.869300000 – 2.697500000 – 2.701400000 – 2.801400000 — 64.256107655245 – 65.241465899792
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – – –