XRP/USDT – 30M – BUYThe combination Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A descent downwards to the next support level at 2.257700000 is expected.
Caution: A possible change in the direction of the resistance line at 2.367000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Hammer’ candlestick pattern is detected. The candles form ‘Hammer’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.474300000 |
| 2nd High | 2.468300000 |
| Next High | 2.367000000 |
| Current Price | 2.326200000 |
| Next Low | 2.257700000 |
| 2nd Low | 2.257200000 |
| 3rd Low | 2.090100000 |