Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Current target is 1.4664 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.4664 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candle pattern is detected. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4817 |
| 2nd High | 1.4665 |
| Next High | 1.4664 |
| Current Price | 1.446700000 |
| Next Low | 1.3928 |
| 2nd Low | 1.3503 |
| 3rd Low | 1.3193 |
1.4664 – 1.3955 – 1.3839 – 1.3928 – 1.3503 – 1.3521 —
1.457800000 – 1.433700000 —
67.683148239644 – 54.619301580897 —
– —
1.4664 – 1776366000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three White Soldiers – – –