XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance level at 1.4097 is expected.
Caution: A possible change in the direction of the support level at 1.3421 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Bearish SBS White Lines’ candlestick chart pattern is discovered. The chart shows ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4703 |
| 2nd High | 1.4642 |
| Next High | 1.4097 |
| Current Price | 1.382300000 |
| Next Low | 1.3421 |
| 2nd Low | 1.1172 |
| 3rd Low |
1.4097 – 1.4642 – 1.4703 – 1.3421 – 1.3728 – 1.4099 —
1.384900000 – 1.386200000 —
48.422355865765 – 51.313060940398 —
– —
1.4097 – 1770818400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish SBS White Lines – Double bottom retreat down – –