The pair Ripple/Tether (XRP/USDT) jumps from the descending trendline upwards
The bullish trend upwards to the next resistance line at 3.139700000 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 2.978400000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.
Then a ‘Inverted Hammer’ candlestick chart pattern is found. The candles form ‘Inverted Hammer’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.351200000 |
| 2nd High | 3.185800000 |
| Next High | 3.139700000 |
| Current Price | 2.981700000 |
| Next Low | 2.978400000 |
| 2nd Low | 2.964200000 |
| 3rd Low | 2.953200000 |
3.139700000 – 3.112000000 – 3.058600000 – 2.978400000 – 3.023200000 – 3.055800000 — 37.964189670617 – 40.192722885551
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Inverted Hammer – – –