XRP/USDT – 1H – BUYNext a ‘Head and Shoulder chart pattern’ chart pattern is found. The formation shows ‘Head and Shoulder chart pattern’. which is a bearish chart scenario. The pair is likely to go down.
Next a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.185800000 |
| 2nd High | 3.139700000 |
| Next High | 3.009100000 |
| Current Price | 2.980500000 |
| Next Low | 2.978400000 |
| 2nd Low | 2.964200000 |
| 3rd Low | 2.953200000 |
3.009100000 – 3.139700000 – 3.058600000 – 2.978400000 – 2.981400000 – 2.964200000 — 34.814670601451 – 42.251732735172
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Engulfing – Head and Shoulder chart pattern – –