The currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance level at 1.3712 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 1.3415 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
In addition a ‘Three Outside Up’ candlestick chart pattern is found. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3749 |
| 2nd High | 1.3733 |
| Next High | 1.3712 |
| Current Price | 1.344000000 |
| Next Low | 1.3415 |
| 2nd Low | 1.3366 |
| 3rd Low | 1.3341 |
1.3712 – 1.3603 – 1.3733 – 1.3415 – 1.3468 – 1.3606 —
1.353700000 – 1.343500000 —
40.529387498329 – 34.391330251779 —
– —
1.3712 – 1772964000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Up – – –