The currency pair Ripple/Tether (XRP/USDT) jumps from the descending trendline upwards
A bullish movement up to the next resistance at 1.6122 is certain.
Caution: A possible counter-trend in the direction of the support line at should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair could go up.
There is also a ‘Three Outside Up’ chart pattern is found. The candles form ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.7847 |
| 2nd High | 1.6339 |
| Next High | 1.6122 |
| Current Price | 1.482800000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.6122 – 1.6339 – 1.6216 – 1.1172 – 1.5274 – 1.7113 —
1.388100000 – 1.431900000 —
63.954860445038 – 69.176691965439 —
– —
1.6122 – 1770193800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Up – Symmetrical Triangle Chart Pattern – –