The pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 3.340400000 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 3.205100000 should be noted.
Consider stop-loss settings accordingly.
Then a ‘StochRSI cross above 20’ indicator layout is found. The indicator shows ‘StochRSI cross above 20’. which could be a positive chart scenario. The currency pair is likely to rise.
Then a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.382500000 |
| 2nd High | 3.372600000 |
| Next High | 3.340400000 |
| Current Price | 3.297600000 |
| Next Low | 3.205100000 |
| 2nd Low | 3.008700000 |
| 3rd Low | 2.964100000 |
3.340400000 – 3.372600000 – 3.382500000 – 3.205100000 – 3.008700000 – 2.964100000 — 50.109820270122 – 51.999231242616
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – – –