XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 1.4379 is certain.
Caution: A possible trend reversal in the direction of the support zone at 1.3503 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Inverted Hammer’ chart pattern is found. The candles show ‘Inverted Hammer’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4665 |
| 2nd High | 1.4661 |
| Next High | 1.4379 |
| Current Price | 1.414000000 |
| Next Low | 1.3503 |
| 2nd Low | 1.3193 |
| 3rd Low | 1.2949 |
1.3955 – 1.3839 – 1.3395 – 1.3503 – 1.3521 – 1.3193 —
1.415600000 – 1.417800000 —
70.994827367343 – 64.259680572017 —
– —
1.3955 – 1776175200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Inverted Hammer – – –