XRP/USDT – 30M – BUYMoreover a ‘Falling Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Falling Wedge Chart Pattern’. this is a bullish signal. The currency pair is likely to rise.
The pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance level at 2.162600000 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 2.092400000 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. 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 | 2.337900000 |
| 2nd High | 2.255300000 |
| Next High | 2.162600000 |
| Current Price | 2.141300000 |
| Next Low | 2.092400000 |
| 2nd Low | 2.059100000 |
| 3rd Low | 1.947500000 |
2.162600000 – 2.255300000 – 2.337900000 – 2.092400000 – 2.221100000 – 2.278300000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji