XRP/USDT – 30M – BUYThe pair Ripple/Tether (XRP/USDT) goes from the descending trendline up.
An ascent up to the next resistance line at 2.243300000 is considered certain.
Caution: A possible counter-trend in the direction of support at 2.207700000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 2.24605 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 2.243300000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.327100000 |
| 2nd High | 2.313500000 |
| Next High | 2.243300000 |
| Current Price | 2.220300000 |
| Next Low | 2.207700000 |
| 2nd Low | 2.165000000 |
| 3rd Low | 2.078200000 |
2.243300000 – 2.313500000 – 2.327100000 – 2.207700000 – 2.239000000 – 2.223900000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji –