The pair Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance at 1.3858 is considered certain.
Caution: A possible trend reversal in the direction of support at 1.3604 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.
There is also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.3807812 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.3858 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.391 |
| 2nd High | 1.386 |
| Next High | 1.3858 |
| Current Price | 1.381200000 |
| Next Low | 1.3604 |
| 2nd Low | 1.3585 |
| 3rd Low | 1.3477 |
1.3858 – 1.386 – 1.3807 – 1.3604 – 1.3585 – 1.3477 —
1.368700000 – 1.365000000 —
44.315975387316 – 41.872168399363 —
– —
1.3858 – 1779350400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – – –