XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) goes from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 3.013500000 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 2.965200000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Inverted Hammer’ candlestick chart pattern is found. The chart forms ‘Inverted Hammer’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.185800000 |
| 2nd High | 3.139700000 |
| Next High | 3.013500000 |
| Current Price | 2.975800000 |
| Next Low | 2.965200000 |
| 2nd Low | 2.964200000 |
| 3rd Low | 2.953200000 |
3.013500000 – 3.009100000 – 3.139700000 – 2.965200000 – 2.978400000 – 2.981400000 — 45.079727311381 – 45.810084260638
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Inverted Hammer – Symmetrical Triangle Chart Pattern – –