XRP/USDT – 1H – BUYNext a ‘Double top retreat up’ chart layout is detected. The chart forms ‘Double top retreat up’. which is a bullish chart scenario. The pair is likely to go up.
The pair Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 1.4642 is certain.
Caution: A possible change in the direction of the support level at 1.3728 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Three Outside Up’ candle pattern is detected. The candles show ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.5442 |
| 2nd High | 1.4703 |
| Next High | 1.4642 |
| Current Price | 1.380700000 |
| Next Low | 1.3728 |
| 2nd Low | 1.1172 |
| 3rd Low |
1.4642 – 1.4703 – 1.5442 – 1.3728 – 1.4099 – 1.4097 —
1.369400000 – 1.370100000 —
30.894613144457 – 30.898340866808 —
– —
1.4642 – 1770652800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Up – Double top retreat up – –