The combination Ripple/Tether (XRP/USDT) moves from the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 1.435 will continue.
Caution: A possible reversal of the trend in the direction of support at 1.3795 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
Also there is a ‘Bearish SBS White Lines’ candle chart pattern is detected. The candles form ‘Bearish SBS White Lines’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4626 |
| 2nd High | 1.4573 |
| Next High | 1.435 |
| Current Price | 1.423200000 |
| Next Low | 1.3795 |
| 2nd Low | 1.3458 |
| 3rd Low | 1.3193 |
1.435 – 1.4573 – 1.4209 – 1.3795 – 1.4035 – 1.4133 —
1.420600000 – 1.424200000 —
53.665255107479 – 54.454327913109 —
– —
1.435 – 1778288400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish SBS White Lines – Rising Wedge Chart Pattern – –