XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at is certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.562400000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 0.8473 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candle chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.877300000 |
| Next Low | 0.562400000 |
| 2nd Low | 0.543600000 |
| 3rd Low | 0.495700000 |