The currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance at 1.4457 is certain.
Caution: A possible trend reversal in the direction of the support level at should be noted.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The pair is likely to go up.
Then a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.
Then a ‘Three Outside Up’ chart pattern is existing. The candles form ‘Three Outside Up’. which is a positive pattern 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 | 1.51 |
| 2nd High | 1.4626 |
| Next High | 1.4457 |
| Current Price | 1.434700000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.4457 – 1.441 – 1.4626 – 1.409 – 1.4114 – 1.4116 —
1.431800000 – 1.432800000 —
46.963559107834 – 46.267315223006 —
– —
1.4457 – 1776996000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Up – – –