XRP/USDT – 30M – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance level at 2.963700000 will persist.
Caution: A possible trend reversal in the direction of the support level at 2.877400000 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
Besides a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. 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 | 3.035000000 |
| Next High | 2.963700000 |
| Current Price | 2.956700000 |
| Next Low | 2.877400000 |
| 2nd Low | 2.840700000 |
| 3rd Low | 2.803800000 |
2.936500000 – 2.946200000 – 2.963700000 – 2.877400000 – 2.840700000 – 2.803800000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern