XRP/USDT – 30M – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance at 1.3247 is certain.
Caution: A possible counter-trend in the direction of the support line at 1.2949 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bullish Engulfing’ chart pattern is detected. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3577 |
| 2nd High | 1.3538 |
| Next High | 1.3247 |
| Current Price | 1.369800000 |
| Next Low | 1.2949 |
| 2nd Low | 1.2787 |
| 3rd Low | 1.27 |
1.3247 – 1.3538 – 1.3577 – 1.2949 – 1.3122 – 1.2787 —
1.339600000 – 1.370700000 —
67.943354549356 – 66.153161589639 —
– —
1.3247 – 1775552400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Engulfing – – –