XRP/USDT – 1H – SELLThe pair jumps from the bullish trendline downwards
The bearish trend down to the next support at 0.495700000 is expected.
Caution: A possible change in the direction of resistance at 0.542800000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ candlestick chart pattern is found. The candles show ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.560800000 |
| 2nd High | 0.549800000 |
| Next High | 0.542800000 |
| Current Price | 0.552400000 |
| Next Low | 0.495700000 |
| 2nd Low | 0.491700000 |
| 3rd Low | 0.486000000 |