The currency pair Ripple/Tether (XRP/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at is certain.
Caution: A possible change in the direction of the support level at 3.167500000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 3.2986 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish signal. 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 | |
| Current Price | 3.359900000 |
| Next Low | 3.167500000 |
| 2nd Low | 2.987300000 |
| 3rd Low | 2.877400000 |
3.298600000 – 3.100000000 – 2.936500000 – 3.167500000 – 2.987300000 – 2.877400000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern