The currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance at 1.3847 is expected.
Caution: A possible change in the direction of the support level at 1.3591 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair could go up.
Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Besides a ‘Bullish Belt Hold’ candlestick chart pattern is found. The candles form ‘Bullish Belt Hold’. this is a bullish 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 Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4466 |
| 2nd High | 1.4067 |
| Next High | 1.3847 |
| Current Price | 1.373900000 |
| Next Low | 1.3591 |
| 2nd Low | 1.3458 |
| 3rd Low | 1.3193 |
1.3847 – 1.4067 – 1.3864 – 1.3591 – 1.3458 – 1.377 —
1.375400000 – 1.375900000 —
55.552163606254 – 51.863716729419 —
– —
1.3847 – 1777509000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Belt Hold – – –