XRP/USDT – 1H – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance at 3.147200000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 2.940400000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bullish Belt Hold’ candlestick pattern is detected. The chart shows ‘Bullish Belt Hold’. 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.351200000 |
| 2nd High | 3.156000000 |
| Next High | 3.147200000 |
| Current Price | 3.090200000 |
| Next Low | 2.940400000 |
| 2nd Low | 2.901400000 |
| 3rd Low | 2.892000000 |
3.147200000 – 3.156000000 – 3.142700000 – 2.940400000 – 3.082900000 – 3.002400000 — 60.048987918394 – 62.209673082942
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Belt Hold – – –