XRP/USDT – 30M – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance line at 2.975000000 will continue.
Caution: A possible trend reversal in the direction of the support level at 2.763700000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 2.975000000 |
| Current Price | 2.939800000 |
| Next Low | 2.763700000 |
| 2nd Low | 2.662900000 |
| 3rd Low | 2.659600000 |
2.894900000 – 2.847600000 – 2.847900000 – 2.763700000 – 2.662900000 – 2.659600000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Double bottom retreat down