And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.4340108 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.4528 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Inverted Hammer’ candlestick pattern is discovered. The candles form ‘Inverted Hammer’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4935 |
| 2nd High | 1.4732 |
| Next High | 1.4528 |
| Current Price | 1.414800000 |
| Next Low | 1.3834 |
| 2nd Low | 1.365 |
| 3rd Low | 1.3218 |
1.4528 – 1.3936 – 1.4112 – 1.3834 – 1.39 – 1.365 —
1.409500000 – 1.412100000 —
59.958489821409 – 55.185699827383 —
– —
1.4528 – 1773410400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Inverted Hammer – – –