XRP/USDT – 1H – BUYThe currency pair breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 0.542800000 will continue.
Caution: A possible reversal of the trend in the direction of support at 0.495700000 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.560800000 |
| 2nd High | 0.549800000 |
| Next High | 0.542800000 |
| Current Price | 0.545400000 |
| Next Low | 0.495700000 |
| 2nd Low | 0.491700000 |
| 3rd Low | 0.486000000 |