The combination Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 3.265100000 is certain.
Caution: A possible trend reversal in the direction of the support line at 2.955500000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘RSI cross above 70’ indicator layout is existing. The indicator is ‘RSI cross above 70’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 3.3025 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 3.265100000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive chart scenario. 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 | 3.649500000 |
| 2nd High | 3.578700000 |
| Next High | 3.265100000 |
| Current Price | 3.136500000 |
| Next Low | 2.955500000 |
| 2nd Low | 2.877400000 |
| 3rd Low | 2.840700000 |
3.265100000 – 3.237300000 – 3.578700000 – 2.955500000 – 3.020000000 – 3.421800000 — 52.631239108091 – 52.897133765295
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Triple top chart pattern –