XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance level at 3.330800000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 3.163000000 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘RSI fall below 30’ indicator layout is detected. The indicator shows ‘RSI fall below 30’. which is often a bearish signal. The currency pair is likely to fall.
Also there is a ‘Bullish Belt Hold’ candlestick chart pattern is found. The candles show ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.649500000 |
| 2nd High | 3.578700000 |
| Next High | 3.330800000 |
| Current Price | 3.135000000 |
| Next Low | 3.163000000 |
| 2nd Low | 3.156400000 |
| 3rd Low | 2.998100000 |
3.330800000 – 3.238700000 – 3.218100000 – 3.163000000 – 3.156400000 – 2.998100000 — 30.226044471348 – 39.550703661818
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Belt Hold – Double bottom retreat down –