XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) moves from the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 2.329300000 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 2.222300000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Above the Stomach’ chart pattern is detected. The candles form ‘Above the Stomach’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Above the Stomach’ going up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.359300000 |
| 2nd High | 2.354300000 |
| Next High | 2.329300000 |
| Current Price | 2.304600000 |
| Next Low | 2.222300000 |
| 2nd Low | 2.166100000 |
| 3rd Low | 2.147500000 |
2.329300000 – 2.298800000 – 2.191200000 – 2.222300000 – 2.166100000 – 2.147500000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Above the Stomach