XRP/USDT – 30M – BUYThe currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 2.337000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 2.140700000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Engulfing’ chart pattern is discovered. The chart forms ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.354300000 |
| 2nd High | 2.337900000 |
| Next High | 2.337000000 |
| Current Price | 2.205100000 |
| Next Low | 2.140700000 |
| 2nd Low | 2.109300000 |
| 3rd Low | 2.092400000 |
2.337000000 – 2.175900000 – 2.180100000 – 2.140700000 – 2.109300000 – 2.116300000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Bullish Engulfing