XRP/USDT – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.50875 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.4381 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Outside Up’ candle pattern is existing. The chart shows ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to go up. 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 | 1.5171 |
| 2nd High | 1.4943 |
| Next High | 1.4381 |
| Current Price | 1.423300000 |
| Next Low | 1.382 |
| 2nd Low | 1.3485 |
| 3rd Low | 1.3461 |
1.4381 – 1.4943 – 1.5171 – 1.382 – 1.4268 – 1.3485 —
1.425600000 – 1.422600000 —
54.941562097523 – 51.155053662124 —
– —
1.4381 – 1771484400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Up – – –