The pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline upwards
An ascending movement upwards to the next resistance line at 1.9378 is certain.
Caution: A possible trend reversal in the direction of the support zone at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Latter Bottom’ candle chart pattern is found. The candles form ‘Latter Bottom’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.9907 |
| 2nd High | 1.946 |
| Next High | 1.9378 |
| Current Price | 1.592100000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.9378 – 1.9295 – 1.946 – 1.5879 – 1.7107 – 1.8654 —
1.618400000 – 1.589000000 —
39.614768255417 – 44.93352132576 —
– —
1.9378 – 1769605200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Latter Bottom – – –