The currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance line at 1.4466 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 1.3458 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair could go up.
Furthermore a ‘Three Outside Up’ candlestick chart pattern is found. The candles show ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4626 |
| 2nd High | 1.4503 |
| Next High | 1.4466 |
| Current Price | 1.426100000 |
| Next Low | 1.3458 |
| 2nd Low | 1.3193 |
| 3rd Low | 1.2949 |
1.4067 – 1.4466 – 1.4503 – 1.3458 – 1.409 – 1.3909 —
1.412300000 – 1.422200000 —
53.248165177906 – 60.394499766436 —
– —
1.4067 – 1777449600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Up – Rising Wedge Chart Pattern – –