XRP/USDT – 1H – BUYThe currency pair breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 0.618700000 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.543600000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three White Soldiers’ chart pattern is found. The candles show ‘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 | 0.654800000 |
| 2nd High | 0.634200000 |
| Next High | 0.618700000 |
| Current Price | 0.589900000 |
| Next Low | 0.543600000 |
| 2nd Low | 0.495700000 |
| 3rd Low | 0.491700000 |