The pair Ripple/Tether (XRP/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance at 1.425000000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.4113 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
And also a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4573 |
| 2nd High | 1.435 |
| Next High | 1.425000000 |
| Current Price | 1.423200000 |
| Next Low | 1.4113 |
| 2nd Low | 1.3795 |
| 3rd Low | 1.3716 |
1.425000000 – 1.435 – 1.427 – 1.4113 – 1.3795 – 1.3802 —
1.425000000 – 1.422500000 —
58.671856575054 – 53.592580351265 —
1.425000000 – 1778349600 —
– 1778349600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –