XRP/USDT – 1H – BUY

The combination Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards

A bullish ascent upwards to the next resistance at 1.1029 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 1.0694 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 1.1195 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.1029 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Outside Up’ candle chart pattern is existing. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. 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).

1.1029 – 1.1354 – 1.165 – 1.0694 – 1.1095 – 1.1248 —
1.095600000 – 1.092100000 —
50.606321293751 – 44.047798132599 —
– —
1.1029 – 1783580400

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Up – – –