XRP/USDT – 30M – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 3.660700000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 3.400500000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.
Next a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3.660700000 |
| Current Price | 3.438100000 |
| Next Low | 3.400500000 |
| 2nd Low | 3.167500000 |
| 3rd Low | 2.987300000 |
3.660700000 – 3.298600000 – 3.100000000 – 3.400500000 – 3.167500000 – 2.987300000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern