The currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance level at 3.150000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 3.040300000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘RSI cross above 30’ indicator signal is discovered. The indicator shows ‘RSI cross above 30’. which is often a bullish chart scenario. The currency pair could go up.
Then a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
Then a ‘Northern Doji’ chart pattern is discovered. The candles show ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.330800000 |
| 2nd High | 3.185600000 |
| Next High | 3.150000000 |
| Current Price | 3.106300000 |
| Next Low | 3.040300000 |
| 2nd Low | 2.998100000 |
| 3rd Low | 2.955500000 |
3.150000000 – 3.185600000 – 3.330800000 – 3.040300000 – 3.093200000 – 3.053300000 — 47.223166671233 – 49.232815227
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top retreat up –