XRP/USDT – 4H – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 3.035000000 will persist.
Caution: A possible counter-trend in the direction of support at 2.196000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. 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 | 3.035000000 |
| Current Price | 3.595500000 |
| Next Low | 2.196000000 |
| 2nd Low | 2.078200000 |
| 3rd Low | 1.908300000 |
3.035000000 – 2.975000000 – 2.327100000 – 2.196000000 – 2.078200000 – 1.908300000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern