XRP/USDT – 30M – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 3.298600000 is certain.
Caution: A possible trend reversal in the direction of the support line at 2.987300000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 3.2986 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 3.298600000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Latter Bottom’ candlestick chart pattern is detected. The chart forms ‘Latter Bottom’. 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 chance of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3.298600000 |
| Current Price | 3.253400000 |
| Next Low | 2.987300000 |
| 2nd Low | 2.877400000 |
| 3rd Low | 2.840700000 |
3.298600000 – 3.100000000 – 2.936500000 – 2.987300000 – 2.877400000 – 2.840700000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Latter Bottom – Triple bottom chart pattern