XRP/USDT – 30M – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 3.238700000 will continue.
Caution: A possible reversal of the trend in the direction of the support line at is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 3.2387 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 3.238700000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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 | 3.205800000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.238700000 – 3.209800000 – 3.218100000 – 3.156400000 – 3.158400000 – 2.998100000 — 54.971071311907 – 56.100767325033
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern –