The currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance line at 1.4222 is expected.
Caution: A possible counter-trend in the direction of the support zone at 1.4073 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
Next a ‘Three Outside Up’ candlestick chart pattern is existing. The chart forms ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4503 |
| 2nd High | 1.4466 |
| Next High | 1.4222 |
| Current Price | 1.424500000 |
| Next Low | 1.4073 |
| 2nd Low | 1.3901 |
| 3rd Low | 1.3829 |
1.4222 – 1.4206 – 1.41 – 1.4073 – 1.3901 – 1.3929 —
1.419600000 – 1.420600000 —
60.871695513526 – 54.870007101643 —
– —
1.4222 – 1778014800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Up – – –