The pair Ripple/Tether (XRP/USDT) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 3.660700000 is certain.
Caution: A possible trend reversal in the direction of support at 3.343900000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 3.6607 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 3.660700000 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3.660700000 |
| Current Price | 3.449400000 |
| Next Low | 3.343900000 |
| 2nd Low | 2.803800000 |
| 3rd Low | 2.763700000 |
3.660700000 – 2.946200000 – 3.035000000 – 3.343900000 – 2.803800000 – 2.763700000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji –