XRP/USDT – 30M – BUYIn addition a ‘Double bottom chart pattern’ chart formation is discovered. The chart forms ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to go up.
The pair Ripple/Tether (XRP/USDT) goes from the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 2.313000000 will continue.
Caution: A possible counter-trend in the direction of the support line at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 2.3293 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 2.313000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The 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 | 2.329300000 |
| 2nd High | 2.320100000 |
| Next High | 2.313000000 |
| Current Price | 2.316400000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.313000000 – 2.320100000 – 2.329300000 – 2.278300000 – 2.260100000 – 2.222300000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji