XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 2.884900000 is certain.
Caution: A possible change in the direction of support at 2.778000000 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Tweezers Bottom’ candle pattern is found. The candles show ‘Tweezers Bottom’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.026300000 |
| 2nd High | 2.886700000 |
| Next High | 2.884900000 |
| Current Price | 2.809800000 |
| Next Low | 2.778000000 |
| 2nd Low | 2.697500000 |
| 3rd Low | 2.662900000 |
2.884900000 – 2.886700000 – 2.839000000 – 2.778000000 – 2.811000000 – 2.697500000 — 46.165730344275 – 49.143623762641
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Tweezers Bottom – Double bottom retreat down – –