The combination Ripple/Tether (XRP/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 1.1866 is certain.
Caution: A possible trend reversal in the direction of the support line at 1.1433 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three White Soldiers’ chart pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3484 |
| 2nd High | 1.2491 |
| Next High | 1.1866 |
| Current Price | 1.143900000 |
| Next Low | 1.1433 |
| 2nd Low | 1.09 |
| 3rd Low |
1.1866 – 1.1719 – 1.185 – 1.1433 – 1.09 – 1.1407 —
1.159400000 – 1.146400000 —
45.323507440387 – 41.213716363985 —
– —
1.1866 – 1780945200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three White Soldiers – – –