XRP/USDT – 30M – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance level at 1.4642 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.3124 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘StochRSI %K crosses above 0.2’ indicator layout is detected. The indicator shows ‘StochRSI %K crosses above 0.2’. which could be a positive chart scenario. The pair is likely to go up.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Besides a ‘Bullish Engulfing’ candle chart pattern is existing. The candles show ‘Bullish Engulfing’. 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 success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4943 |
| 2nd High | 1.4891 |
| Next High | 1.4642 |
| Current Price | 1.440400000 |
| Next Low | 1.3124 |
| 2nd Low | 1.1172 |
| 3rd Low |
1.4261 – 1.4642 – 1.4389 – 1.3124 – 1.3215 – 1.4171 —
1.467400000 – 1.457400000 —
76.22999457655 – 49.881053737235 —
– —
1.4261 – 1771754400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Engulfing – – –