XRP/USDT – 30M – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance line at 2.353700000 is certain.
Caution: A possible change in the direction of the support line at 2.255200000 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.359300000 |
| 2nd High | 2.354300000 |
| Next High | 2.353700000 |
| Current Price | 2.277500000 |
| Next Low | 2.255200000 |
| 2nd Low | 2.209700000 |
| 3rd Low | 2.196000000 |
2.353700000 – 2.279000000 – 2.228800000 – 2.255200000 – 2.209700000 – 2.196000000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Double top retreat up