The currency pair Ripple/Tether (XRP/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 3.088200000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 2.964100000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘RSI cross above 70’ indicator layout is detected. The indicator is ‘RSI cross above 70’. this is usually a bullish chart signal. The currency pair could go up.
Then a ‘StochRSI cross above 20’ indicator layout is detected. The indicator is ‘StochRSI cross above 20’. this is usually a bullish chart signal. The currency pair could go up.
Then a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 3.0882 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 3.088200000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.185600000 |
| 2nd High | 3.178400000 |
| Next High | 3.088200000 |
| Current Price | 3.111400000 |
| Next Low | 2.964100000 |
| 2nd Low | 2.901400000 |
| 3rd Low | 2.892000000 |
3.088200000 – 3.018700000 – 2.968300000 – 2.964100000 – 2.901400000 – 2.892000000 — 71.166766583588 – 73.086619499046
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern – –