XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 3.330800000 is considered certain.
Caution: A possible change in the direction of the support level at 3.163000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘RSI fall below 30’ indicator layout is discovered. The indicator shows ‘RSI fall below 30’. which could be a negative signal. The pair is likely to go down.
Moreover a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bullish Engulfing’. 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 chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.649500000 |
| 2nd High | 3.578700000 |
| Next High | 3.330800000 |
| Current Price | 3.160700000 |
| Next Low | 3.163000000 |
| 2nd Low | 3.156400000 |
| 3rd Low | 2.998100000 |
3.330800000 – 3.238700000 – 3.218100000 – 3.163000000 – 3.156400000 – 2.998100000 — 33.395057831295 – 38.851301218491
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Engulfing – Double bottom retreat down –