XRP/USDT – 30M – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance level at 3.075600000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 3.007200000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 3.1056 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 3.075600000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.147200000 |
| 2nd High | 3.105600000 |
| Next High | 3.075600000 |
| Current Price | 3.037600000 |
| Next Low | 3.007200000 |
| 2nd Low | 2.969700000 |
| 3rd Low | 2.782600000 |
3.075600000 – 3.105600000 – 2.876400000 – 3.007200000 – 2.969700000 – 2.782600000 — 53.294063038615 – 56.323012185516
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – – –