XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) jumps from the descending trendline up.
A bullish ascent up to the next resistance level at 3.038000000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 2.848800000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. which is a positive 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.147200000 |
| 2nd High | 3.096900000 |
| Next High | 3.038000000 |
| Current Price | 2.928500000 |
| Next Low | 2.848800000 |
| 2nd Low | 2.803800000 |
| 3rd Low | 2.763700000 |
3.038000000 – 3.096900000 – 3.147200000 – 2.848800000 – 2.940400000 – 3.082900000 — 50.60796317683 – 53.381893600131
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Triple bottom chart pattern – –