Then a ‘Double top retreat up’ chart pattern is found. The chart forms ‘Double top retreat up’. this is a bullish signal. The currency pair is likely to rise.
The currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline upwards
An ascending movement upwards to the next resistance level at 1.9179 will persist.
Caution: A possible change in the direction of the support level at 1.8879 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘ ‘ indicator layout is detected. The indicator shows ‘ ‘. which could be a positive signal. The pair is likely to go up.
Then a ‘Latter Bottom’ chart pattern is discovered. The candles show ‘Latter Bottom’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.9656 |
| 2nd High | 1.946 |
| Next High | 1.9179 |
| Current Price | 1.891200000 |
| Next Low | 1.8879 |
| 2nd Low | 1.8873 |
| 3rd Low | 1.8712 |
1.9179 – 1.946 – 1.9242 – 1.889 – 1.8879 – 1.91 —
1.887800000 – 1.886900000 —
30.091326842744 – 33.444071449196 —
– —
1.91790 – 1769486400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Latter Bottom – Double top retreat up – –