XRP/USDT – 30M – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance line at 2.313500000 is expected.
Caution: A possible counter-trend in the direction of the support level at 2.209700000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
And also a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. this is a bullish 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 | 2.337000000 |
| 2nd High | 2.327100000 |
| Next High | 2.313500000 |
| Current Price | 2.283600000 |
| Next Low | 2.209700000 |
| 2nd Low | 2.196000000 |
| 3rd Low | 2.165000000 |
2.279000000 – 2.228800000 – 2.243300000 – 2.209700000 – 2.196000000 – 2.207700000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji –