XRP/USDT – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.5273694 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 1.521700000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Inverted Hammer’ candlestick pattern is discovered. The chart shows ‘Inverted Hammer’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.595400000 |
| 2nd High | 1.539300000 |
| Next High | 1.521700000 |
| Current Price | 1.466100000 |
| Next Low | 1.283300000 |
| 2nd Low | 1.277500000 |
| 3rd Low | 1.095300000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Inverted Hammer