XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance at 1.4503 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 1.4239 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bullish Engulfing’ candle chart pattern is found. The chart shows ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51 |
| 2nd High | 1.4626 |
| Next High | 1.4503 |
| Current Price | 1.431100000 |
| Next Low | 1.4239 |
| 2nd Low | 1.409 |
| 3rd Low | 1.3909 |
1.4503 – 1.4457 – 1.4626 – 1.4239 – 1.409 – 1.4116 —
1.437000000 – 1.435600000 —
48.792939918532 – 44.298409930061 —
– —
1.4503 – 1777046400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Engulfing – – –