XRP/USDT – 1H – BUYThe currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.186500000 is likely expected.
Caution: A possible trend reversal in the direction of support at 1.031500000 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Bullish Engulfing’ candle pattern is found. The candles form ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.269800000 |
| Next High | 1.186500000 |
| Current Price | 1.137700000 |
| Next Low | 1.031500000 |
| 2nd Low | 1.002600000 |
| 3rd Low | 0.562400000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Engulfing