XRP/USDT – 30M – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance level at 1.4427 is certain.
Caution: A possible reversal of the trend in the direction of support at 1.365 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair could go up.
In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.4427 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.4427 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Three Outside Up’ chart pattern is found. The candles show ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4732 |
| 2nd High | 1.4525 |
| Next High | 1.4427 |
| Current Price | 1.433600000 |
| Next Low | 1.365 |
| 2nd Low | 1.333 |
| 3rd Low | 1.3218 |
1.4243 – 1.3936 – 1.4112 – 1.365 – 1.366 – 1.3706 —
1.422400000 – 1.426900000 —
64.408590283213 – 55.532221644593 —
– —
1.4243 – 1773361800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Up – – –