XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance at 3.238700000 will persist.
Caution: A possible change in the direction of support at 3.156400000 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘RSI cross above 70’ indicator layout is discovered. The indicator is ‘RSI cross above 70’. which could be a positive chart signal. The currency pair is likely to rise.
Moreover a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The 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 | 3.578700000 |
| 2nd High | 3.265100000 |
| Next High | 3.238700000 |
| Current Price | 3.205500000 |
| Next Low | 3.156400000 |
| 2nd Low | 2.998100000 |
| 3rd Low | 2.955500000 |
3.238700000 – 3.218100000 – 3.265100000 – 3.156400000 – 2.998100000 – 2.955500000 — 53.370286225625 – 55.98792089962
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern –