XRP/USDT – 30M – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 2.865400000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 2.811000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.922700000 |
| 2nd High | 2.869300000 |
| Next High | 2.865400000 |
| Current Price | 2.858600000 |
| Next Low | 2.811000000 |
| 2nd Low | 2.762000000 |
| 3rd Low | 2.697500000 |
2.865400000 – 2.845500000 – 2.832900000 – 2.811000000 – 2.762000000 – 2.697500000 — 59.456028280035 – 60.106851402861
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom retreat down – –