XRP/USDT – 1H – BUYThe currency pair Ripple/Tether (XRP/USDT) moves from the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 2.353700000 is likely expected.
Caution: A possible change in the direction of the support zone at 2.196000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The chart shows ‘Bullish Belt Hold’. 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 success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.359300000 |
| 2nd High | 2.354300000 |
| Next High | 2.353700000 |
| Current Price | 2.262900000 |
| Next Low | 2.196000000 |
| 2nd Low | 2.165000000 |
| 3rd Low | 2.078200000 |
2.353700000 – 2.313500000 – 2.327100000 – 2.196000000 – 2.239000000 – 2.165000000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Bullish Belt Hold – Head and Shoulder chart pattern