XRP/USDT – 4H – BUYThe pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 1.6714 will persist.
Caution: A possible trend reversal in the direction of the support line at 1.3124 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Three Outside Up’ candle chart pattern is detected. The chart forms ‘Three Outside Up’. 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 likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.9907 |
| 2nd High | 1.9378 |
| Next High | 1.6714 |
| Current Price | 1.417000000 |
| Next Low | 1.3124 |
| 2nd Low | 1.1172 |
| 3rd Low |
1.6714 – 1.9378 – 1.9907 – 1.3124 – 1.3775 – 1.3421 —
1.476900000 – 1.413200000 —
65.27251392427 – 48.214872150134 —
– —
1.6714 – 1771142400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Up – Double bottom chart pattern – –