XRP/USDT – 30M – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 3.185800000 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 2.981400000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.372600000 |
| 2nd High | 3.351200000 |
| Next High | 3.185800000 |
| Current Price | 3.073800000 |
| Next Low | 2.981400000 |
| 2nd Low | 2.964200000 |
| 3rd Low | 2.953200000 |
3.058600000 – 3.049600000 – 3.043000000 – 2.981400000 – 3.002900000 – 3.005400000 — 50.858642991095 – 51.934956204287
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom retreat down – –