XRP/USDT – 30M – BUYNext a ‘Double top retreat up’ chart formation is discovered. The chart picture forms ‘Double top retreat up’. which is a bullish chart scenario. The currency pair is likely to go up.
The combination Ripple/Tether (XRP/USDT) goes from the bearish trendline upwards
The bullish trend upwards to the next resistance line at 3.009100000 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 2.964200000 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Above the Stomach’ candlestick chart pattern is existing. The chart shows ‘Above the Stomach’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Above the Stomach’ heading up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.185800000 |
| 2nd High | 3.139700000 |
| Next High | 3.009100000 |
| Current Price | 2.991500000 |
| Next Low | 2.964200000 |
| 2nd Low | 2.953200000 |
| 3rd Low | 2.935700000 |
3.009100000 – 3.139700000 – 3.112000000 – 2.978400000 – 3.023200000 – 3.055800000 — 43.552464880276 – 51.374235208933
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Above the Stomach – Double top retreat up – –