XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance level at 1.6122 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.1172 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. 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 likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.9378 |
| 2nd High | 1.6339 |
| Next High | 1.6122 |
| Current Price | 1.520600000 |
| Next Low | 1.1172 |
| 2nd Low | |
| 3rd Low |
1.6122 – 1.6339 – 1.9378 – 1.1172 – 1.5274 – 1.5879 —
1.313500000 – 1.486900000 —
45.908797446143 – 70.762466067431 —
– —
1.6122 – 1770192000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three White Soldiers – Double top retreat up – –