XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 3.026300000 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 2.792700000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘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 | 3.081700000 |
| 2nd High | 3.045400000 |
| Next High | 3.026300000 |
| Current Price | 2.977600000 |
| Next Low | 2.792700000 |
| 2nd Low | 2.778000000 |
| 3rd Low | 2.697500000 |
2.928500000 – 2.884900000 – 2.886700000 – 2.792700000 – 2.778000000 – 2.811000000 — 71.042259156862 – 73.124231434363
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom retreat down – –