XRP/USDT – 30M – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 3.035000000 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 2.763700000 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Bullish Belt Hold’ candle chart pattern is discovered. The candles show ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3.035000000 |
| Current Price | 2.958200000 |
| Next Low | 2.763700000 |
| 2nd Low | 2.662900000 |
| 3rd Low | 2.659600000 |
3.035000000 – 2.894900000 – 2.847600000 – 2.763700000 – 2.662900000 – 2.659600000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Bullish Belt Hold – Rising Wedge Chart Pattern