XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 1.946 is expected.
Caution: A possible counter-trend in the direction of support at 1.8879 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Furthermore a ‘Bullish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.0299 |
| 2nd High | 1.9907 |
| Next High | 1.946 |
| Current Price | 1.906300000 |
| Next Low | 1.8879 |
| 2nd Low | 1.8712 |
| 3rd Low | 1.87 |
1.946 – 1.9907 – 2.0299 – 1.8879 – 1.9016 – 1.8712 —
1.938500000 – 1.913000000 —
51.732581019922 – 45.61995043829 —
– —
1.94600 – 1769439600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Engulfing – – –