XRP/USDT – 30M – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance line at 2.228800000 will continue.
Caution: A possible change in the direction of the support line at 2.196000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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 | 2.313500000 |
| 2nd High | 2.243300000 |
| Next High | 2.228800000 |
| Current Price | 2.226800000 |
| Next Low | 2.196000000 |
| 2nd Low | 2.165000000 |
| 3rd Low | 2.078200000 |
2.228800000 – 2.243300000 – 2.313500000 – 2.196000000 – 2.207700000 – 2.239000000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji –