XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish trend up to the next resistance line at 2.894900000 is expected.
Caution: A possible change in the direction of the support level at 2.662900000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ candlestick chart pattern is detected. 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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 2.975000000 |
| Next High | 2.894900000 |
| Current Price | 2.899700000 |
| Next Low | 2.662900000 |
| 2nd Low | 2.248500000 |
| 3rd Low | 2.196000000 |
2.894900000 – 2.975000000 – 2.353700000 – 2.662900000 – 2.248500000 – 2.196000000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern