The combination Ripple/Tether (XRP/USDT) goes from the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at 3.013500000 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 2.961800000 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ chart pattern is found. The candles show ‘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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.185800000 |
| 2nd High | 3.139700000 |
| Next High | 3.013500000 |
| Current Price | 2.986900000 |
| Next Low | 2.961800000 |
| 2nd Low | 2.953200000 |
| 3rd Low | 2.935700000 |
3.013500000 – 2.996100000 – 3.009100000 – 2.961800000 – 2.970000000 – 2.965200000 — 50.549020674668 – 50.958421454757
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top retreat up – –