XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance line at 1.4389 is certain.
Caution: A possible counter-trend in the direction of the support zone at 1.3775 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Furthermore a ‘Inverted Hammer’ candlestick pattern is detected. The candles form ‘Inverted Hammer’. 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 likelyhood of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.5171 |
| 2nd High | 1.4943 |
| Next High | 1.4389 |
| Current Price | 1.429500000 |
| Next Low | 1.3775 |
| 2nd Low | 1.3485 |
| 3rd Low | 1.3461 |
1.4389 – 1.4293 – 1.4381 – 1.3775 – 1.382 – 1.4268 —
1.425700000 – 1.429800000 —
52.019068074491 – 53.89340143389 —
– —
1.4389 – 1771610400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Inverted Hammer – Symmetrical Triangle Chart Pattern – –