The pair Ripple/Tether (XRP/USDT) moves from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 3.128000000 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 2.782600000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 3.0669 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 3.128000000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 | 3.128000000 |
| Current Price | 2.973600000 |
| Next Low | 2.782600000 |
| 2nd Low | 2.196000000 |
| 3rd Low | 2.078200000 |
3.128000000 – 3.105600000 – 3.156000000 – 2.782600000 – 2.818400000 – 2.991500000 — 46.825698128348 – 51.738175790355
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top retreat up – –