XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) goes from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 3.035000000 will continue.
Caution: A possible counter-trend in the direction of the support line at 2.803800000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency 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 | 3.035000000 |
| Current Price | 2.938800000 |
| Next Low | 2.803800000 |
| 2nd Low | 2.763700000 |
| 3rd Low | 2.662900000 |
3.035000000 – 2.894900000 – 2.975000000 – 2.803800000 – 2.763700000 – 2.662900000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern