XRP/USDT – 1H – BUYThe currency pair Ripple/Tether (XRP/USDT) goes from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 2.869300000 is certain.
Caution: A possible counter-trend in the direction of the support level at 2.774600000 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Bullish Belt Hold’ chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.045400000 |
| 2nd High | 3.026300000 |
| Next High | 2.869300000 |
| Current Price | 2.818000000 |
| Next Low | 2.774600000 |
| 2nd Low | 2.760400000 |
| 3rd Low | 2.662900000 |
2.869300000 – 3.026300000 – 3.045400000 – 2.774600000 – 2.760400000 – 2.953000000 — 42.033645306782 – 46.432295878642
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Belt Hold – Inverse Head and Shoulder chart pattern – –