The pair Ripple/Tether (XRP/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance level at 1.3247 is expected.
Caution: A possible change in the direction of the support level at 1.2949 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three White Soldiers’ candle chart pattern is found. The chart shows ‘Three White Soldiers’. which 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 | 1.3577 |
| 2nd High | 1.3538 |
| Next High | 1.3247 |
| Current Price | 1.342200000 |
| Next Low | 1.2949 |
| 2nd Low | 1.2787 |
| 3rd Low | 1.27 |
1.3247 – 1.3538 – 1.3577 – 1.2949 – 1.3122 – 1.2787 —
1.314600000 – 1.339600000 —
49.442646659169 – 67.943354586727 —
– —
1.3247 – 1775552400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three White Soldiers – – –