XRP/USDT – 30M – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance at 3.209800000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 3.158400000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘RSI fall below 70’ indicator layout is existing. The indicator is ‘RSI fall below 70’. this is usually a bullish signal. The currency pair could go up.
Besides a ‘Northern Doji’ candlestick chart pattern is discovered. 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.265100000 |
| 2nd High | 3.218100000 |
| Next High | 3.209800000 |
| Current Price | 3.198100000 |
| Next Low | 3.158400000 |
| 2nd Low | 2.998100000 |
| 3rd Low | 2.955500000 |
3.209800000 – 3.218100000 – 3.211100000 – 3.158400000 – 2.998100000 – 3.035300000 — 55.448739563801 – 57.346459706367
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern –