The pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance line at 3.045400000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair is likely to rise.
There is also a ‘Northern Doji’ candle pattern is discovered. The candles show ‘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 | 3.128000000 |
| 2nd High | 3.081700000 |
| Next High | 3.045400000 |
| Current Price | 3.017200000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.045400000 – 3.027900000 – 3.081700000 – 2.953000000 – 2.988200000 – 2.981100000 — 59.554088649655 – 60.170235598657
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern – –