The combination Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 1.1568 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 1.1428 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1769 |
| 2nd High | 1.161 |
| Next High | 1.1568 |
| Current Price | 1.153600000 |
| Next Low | 1.1428 |
| 2nd Low | 1.1299 |
| 3rd Low | 1.1261 |
1.1568 – 1.161 – 1.1409 – 1.1428 – 1.1299 – 1.1261 —
1.153100000 – 1.154100000 —
55.875671066965 – 55.079128217554 —
– —
1.1568 – 1781386200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – – –