XRP/USDT – 30M – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 1.4003 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 1.3814 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Tweezers Bottom’ candlestick pattern is discovered. The candles form ‘Tweezers Bottom’. 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 ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4466 |
| 2nd High | 1.4067 |
| Next High | 1.4003 |
| Current Price | 1.396900000 |
| Next Low | 1.3814 |
| 2nd Low | 1.3809 |
| 3rd Low | 1.3716 |
1.4003 – 1.3999 – 1.3804 – 1.3814 – 1.3809 – 1.3716 —
1.389500000 – 1.396000000 —
54.733390821639 – 63.890274080087 —
– —
1.4003 – 1777757400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Tweezers Bottom – – –