XRP/USDT – 1H – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance level at 1.4503 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.4239 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish SBS White Lines’ candle chart pattern is found. The candles form ‘Bearish SBS White Lines’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51 |
| 2nd High | 1.4626 |
| Next High | 1.4503 |
| Current Price | 1.433500000 |
| Next Low | 1.4239 |
| 2nd Low | 1.409 |
| 3rd Low | 1.3909 |
1.4503 – 1.4457 – 1.4626 – 1.4239 – 1.409 – 1.4116 —
1.438400000 – 1.434100000 —
45.955707859539 – 46.993686156073 —
– —
1.4503 – 1777046400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish SBS White Lines – – –