The currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 2.061800000 is likely expected.
Caution: A possible change in the direction of the support line at 2.0536 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair is likely to rise.
There is also a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.0798 |
| 2nd High | 2.0673 |
| Next High | 2.061800000 |
| Current Price | 2.058000000 |
| Next Low | 2.0536 |
| 2nd Low | 2.0263 |
| 3rd Low | 1.2543 |
2.061800000 – 2.0673 – 2.0798 – 2.0536 – 2.0263 – 2.0577 — 43.762132813221 – 51.75422268992 — 31.676285414481 – 53.016789087093 – 39.867523609654 – 40.834499242159
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – – –