XRP/USDT – 30M – BUYThe combination Ripple/Tether (XRP/USDT) goes from the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 3.045400000 is expected.
Caution: A possible counter-trend in the direction of the support level at 2.953000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 | 3.003100000 |
| Next Low | 2.953000000 |
| 2nd Low | 2.887600000 |
| 3rd Low | 2.822300000 |
3.045400000 – 3.027900000 – 3.081700000 – 2.953000000 – 2.988200000 – 2.981100000 — 55.075435197387 – 55.824019845663
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern – –