XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) goes from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 1.3877 is likely expected.
Caution: A possible change in the direction of the support line at 1.3366 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Engulfing’ candle pattern is detected. The chart shows ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4332 |
| 2nd High | 1.423 |
| Next High | 1.3877 |
| Current Price | 1.356600000 |
| Next Low | 1.3366 |
| 2nd Low | 1.3341 |
| 3rd Low | 1.27 |
1.3877 – 1.423 – 1.4332 – 1.3366 – 1.3341 – 1.3369 —
1.363900000 – 1.362200000 —
42.951065269211 – 42.637476910587 —
– —
1.3877 – 1772553600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Engulfing – – –