XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 0.847300000 will continue.
Caution: A possible reversal of the trend in the direction of support at 0.562400000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bullish Engulfing’ candle pattern is discovered. The candles form ‘Bullish Engulfing’. this is a bullish 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 ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.847300000 |
| Current Price | 0.882600000 |
| Next Low | 0.562400000 |
| 2nd Low | 0.543600000 |
| 3rd Low | 0.495700000 |