The combination Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance line at 3.185600000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 3.078800000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.
In addition a ‘Bearish Harami Cross’ candle pattern is detected. The chart forms ‘Bearish Harami Cross’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.578700000 |
| 2nd High | 3.330800000 |
| Next High | 3.185600000 |
| Current Price | 3.163500000 |
| Next Low | 3.078800000 |
| 2nd Low | 2.998100000 |
| 3rd Low | 2.955500000 |
3.185600000 – 3.330800000 – 3.238700000 – 3.078800000 – 3.163000000 – 3.156400000 — 53.72230148044 – 54.020219718426
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Harami Cross – Double top retreat up –