XRP/USDT – 30M – BUYThe combination Ripple/Tether (XRP/USDT) moves from the bearish trendline up.
An ascending movement upwards to the next resistance at 2.0299 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 1.2543 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.0673 |
| 2nd High | 2.0661 |
| Next High | 2.0299 |
| Current Price | 1.913800000 |
| Next Low | 1.2543 |
| 2nd Low | |
| 3rd Low |
2.0299 – 2.0661 – 2.0618 – 1.9191 – 2.0536 – 2.0263 —
1.911700000 – 1.894000000 —
38.817233579435 – 32.058405698489 —
– —
2.02990 – 1768840200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top retreat up – –