XRP/USDT – 30M – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
An ascent up to the next resistance level at 2.847900000 will continue.
Caution: A possible trend reversal in the direction of support at 2.659600000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive 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 | |
| 2nd High | 2.975000000 |
| Next High | 2.847900000 |
| Current Price | 2.790300000 |
| Next Low | 2.659600000 |
| 2nd Low | 2.248500000 |
| 3rd Low | 2.209700000 |
2.847900000 – 2.975000000 – 2.353700000 – 2.659600000 – 2.248500000 – 2.255200000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern