XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish trend up to the next resistance level at 3.045400000 is certain.
Caution: A possible trend reversal in the direction of the support level at 2.953000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. this is a bullish 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 | 3.128000000 |
| 2nd High | 3.081700000 |
| Next High | 3.045400000 |
| Current Price | 3.017200000 |
| Next Low | 2.953000000 |
| 2nd Low | 2.822300000 |
| 3rd Low | 2.782600000 |
3.045400000 – 3.081700000 – 3.128000000 – 2.953000000 – 2.822300000 – 2.969700000 — 57.403494883423 – 57.783474916146
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern – –