XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 1.1125 is expected.
Caution: A possible trend reversal in the direction of the support line at 1.0789 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three White Soldiers’ candlestick pattern is found. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.2251 |
| 2nd High | 1.1639 |
| Next High | 1.1125 |
| Current Price | 1.139500000 |
| Next Low | 1.0789 |
| 2nd Low | 1.0451 |
| 3rd Low | 1.0345 |
1.1125 – 1.0738 – 1.0544 – 1.0789 – 1.0451 – 1.0345 —
1.112400000 – 1.129400000 —
70.148987056809 – 73.822392655763 —
– —
1.1125 – 1782997200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three White Soldiers – Rising Wedge Chart Pattern – –