The pair Ripple/Tether (XRP/USDT) moves from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 3.649500000 will persist.
Caution: A possible change in the direction of the support line at is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 3.6607 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 3.649500000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ chart pattern is found. The chart forms ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3.660700000 |
| Next High | 3.649500000 |
| Current Price | 3.482000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.649500000 – 3.557900000 – 3.485500000 – 3.403800000 – 3.354700000 – 3.343900000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Double top chart pattern