The combination Ripple/Tether (XRP/USDT) jumps from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 3.150000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 3.053300000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘RSI cross above 30’ indicator signal is discovered. The indicator shows ‘RSI cross above 30’. which could be a positive chart scenario. The currency pair could go up.
Additionally a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 3.11879 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 3.150000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish chart scenario. 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 | 3.330800000 |
| 2nd High | 3.185600000 |
| Next High | 3.150000000 |
| Current Price | 3.077700000 |
| Next Low | 3.053300000 |
| 2nd Low | 2.998100000 |
| 3rd Low | 2.955500000 |
3.150000000 – 3.185600000 – 3.330800000 – 3.093200000 – 3.053300000 – 3.078800000 — 39.558066686835 – 40.506741404433
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Triple top chart pattern –