XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards
A descending movement down to the next support at 2.367400000 will persist.
Caution: A possible change in the direction of resistance at 2.458400000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Bullish Belt Hold’ candlestick pattern is found. The candles form ‘Bullish Belt Hold’. 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 success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.728100000 |
| 2nd High | 2.474300000 |
| Next High | 2.458400000 |
| Current Price | 2.404800000 |
| Next Low | 2.367400000 |
| 2nd Low | 2.327300000 |
| 3rd Low | 1.995400000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Belt Hold