The combination Ripple/Tether (XRP/USDT) moves from the descending trendline upwards
The bullish trend up to the next resistance at 3.013500000 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 2.953200000 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 3.0037844 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 3.013500000 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.185800000 |
| 2nd High | 3.139700000 |
| Next High | 3.013500000 |
| Current Price | 2.975700000 |
| Next Low | 2.953200000 |
| 2nd Low | 2.935700000 |
| 3rd Low | 2.933700000 |
3.013500000 – 2.996100000 – 3.009100000 – 2.961800000 – 2.970000000 – 2.965200000 — 47.077138282134 – 48.221654470447
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top retreat up – –