XRP/USDT – 30M – BUYThe combination Ripple/Tether (XRP/USDT) jumps from the descending trendline upwards
An ascent up to the next resistance level at 2.473000000 will continue.
Caution: A possible counter-trend in the direction of the support zone at 2.354800000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Bullish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bullish Engulfing’. this 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 probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.646900000 |
| 2nd High | 2.531900000 |
| Next High | 2.473000000 |
| Current Price | 2.382000000 |
| Next Low | 2.354800000 |
| 2nd Low | 2.284000000 |
| 3rd Low | 1.900000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Engulfing