XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 1.4209 will continue.
Caution: A possible counter-trend in the direction of the support level at 1.3901 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4503 |
| 2nd High | 1.4466 |
| Next High | 1.4209 |
| Current Price | 1.442900000 |
| Next Low | 1.3901 |
| 2nd Low | 1.3829 |
| 3rd Low | 1.3814 |
1.4209 – 1.4003 – 1.3999 – 1.3901 – 1.3829 – 1.3814 —
1.417800000 – 1.427400000 —
56.629553488298 – 67.133385351551 —
– —
1.4209 – 1777867200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three White Soldiers – – –