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Pattern Description:

This specific three-candlestick pattern is known as a Bullish Engulfing followed by a Confirmation Candle, and it's typically interpreted as a bullish reversal pattern.

Here’s a breakdown of what’s visible:

First Candle (Red):

A small bearish (red) candle.

Indicates the market closed lower than it opened — slight downward movement.

Second Candle (Green):

A large bullish (green) candle.

Its body completely "engulfs" the previous red candle.

This is the bullish engulfing pattern, signaling a potential reversal from a downtrend to an uptrend.

Third Candle (Green):

Another bullish candle closing even higher.

This confirms the bullish reversal, showing strong buying pressure.

$XRP

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