The pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance line at 3.238700000 is expected.
Caution: A possible counter-trend in the direction of the support level at 3.163000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘RSI fall below 70’ indicator signal is discovered. The indicator shows ‘RSI fall below 70’. this is usually a bearish signal. The pair is likely to go down.
Also there is a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a bullish 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’ 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 | 3.227300000 |
| Next Low | 3.163000000 |
| 2nd Low | 3.156400000 |
| 3rd Low | 2.998100000 |
3.238700000 – 3.209800000 – 3.218100000 – 3.163000000 – 3.156400000 – 3.158400000 — 53.952322438611 – 59.151863659393
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern –