The pair Ripple/Tether (XRP/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 1.2491 is expected.
Caution: A possible counter-trend in the direction of the support level at 1.1268 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘MACD crosses above signal’ indicator signal is existing. The indicator shows ‘MACD crosses above signal’. which is often a bullish signal. The currency pair could go up.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Moreover a ‘Three Outside Up’ candlestick chart pattern is detected. The chart forms ‘Three Outside Up’. which is a positive 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 Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3484 |
| 2nd High | 1.3425 |
| Next High | 1.2491 |
| Current Price | 1.222900000 |
| Next Low | 1.1268 |
| 2nd Low | 1.1261 |
| 3rd Low | 1.1042 |
1.1936 – 1.1568 – 1.161 – 1.1268 – 1.1428 – 1.1299 —
1.186400000 – 1.189000000 —
61.823358823116 – 60.509123498976 —
– —
1.1936 – 1781488800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Up – – –