XRP/USDT – 1H – BUY

The pair Ripple/Tether (XRP/USDT) breaks through the descending trendline upwards

The bullish trend upwards to the next resistance level at 1.161 will continue.

Caution: A possible counter-trend in the direction of the support line at 1.1261 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ” indicator layout is found. The indicator is ”. which is often a bullish signal. The currency pair is likely to rise.

!

Moreover a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. which is often a bullish signal. The currency pair is likely to rise.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.1634248 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.161 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart shows ‘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’ heading up is 82%.

1.161 – 1.1577 – 1.1376 – 1.1261 – 1.1042 – 1.0884 —
1.144500000 – 1.135500000 —
39.067535747013 – 38.069184245234 —
– —
1.161 – 1781362800

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three White Soldiers – – –