XRP/USDT – 1H – BUY

The combination Ripple/Tether (XRP/USDT) jumps from the ascending trendline upwards

A continuation of the upward movement up to the next resistance level at 3.330800000 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 3.078800000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘RSI cross above 30’ indicator layout is found. The indicator shows ‘RSI cross above 30’. this is usually a bullish chart scenario. The pair is likely to go up.

Besides a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Besides a ‘Hammer’ candle chart pattern is existing. The chart shows ‘Hammer’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).

3.330800000 – 3.238700000 – 3.218100000 – 3.078800000 – 3.163000000 – 3.156400000 — 37.870564397544 – 40.127020314124

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Hammer – Double top retreat up –