XRP/USDT – 30M – BUYThe currency pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline up.
An ascending movement upwards to the next resistance line at 3.330800000 is expected.
Caution: A possible counter-trend in the direction of the support level at 3.163000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘RSI cross above 30’ indicator layout is detected. The indicator shows ‘RSI cross above 30’. which could be a negative chart scenario. The pair is likely to go down.
Besides a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a positive 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.649500000 |
| 2nd High | 3.578700000 |
| Next High | 3.330800000 |
| Current Price | 3.157200000 |
| Next Low | 3.163000000 |
| 2nd Low | 3.156400000 |
| 3rd Low | 2.998100000 |
3.330800000 – 3.238700000 – 3.209800000 – 3.163000000 – 3.156400000 – 3.158400000 — 33.735721670471 – 38.937904801137
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern –