The currency pair Ripple/Tether (XRP/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance at 2.909200000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 2.333300000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 2.5872 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 2.909200000 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 2.909200000 |
Current Price | 2.688900000 |
Next Low | 2.333300000 |
2nd Low | 2.284000000 |
3rd Low | 1.900000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three White Soldiers