XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance line at 3.147200000 is expected.
Caution: A possible change in the direction of the support line at 3.082900000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.351200000 |
| 2nd High | 3.156000000 |
| Next High | 3.147200000 |
| Current Price | 2.991900000 |
| Next Low | 3.082900000 |
| 2nd Low | 3.002400000 |
| 3rd Low | 2.991500000 |
3.147200000 – 3.156000000 – 3.142700000 – 3.082900000 – 3.002400000 – 2.991500000 — 36.418162424869 – 37.020185670285
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top retreat up – –