XRP/USDT – 30M – BUYThe combination Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
A descent downwards to the next support level at 2.257700000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 2.367000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Engulfing’ candlestick pattern is discovered. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.474300000 |
| 2nd High | 2.468300000 |
| Next High | 2.367000000 |
| Current Price | 2.309100000 |
| Next Low | 2.257700000 |
| 2nd Low | 2.257200000 |
| 3rd Low | 2.090100000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Engulfing