XRP/USDT – 4H – BUY

The pair Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards

A descending movement downwards to the next support at 0.491700000 will persist.

Caution: A possible change in the direction of the resistance level at 1.269800000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 1.2698 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 1.269800000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three White Soldiers’ candlestick pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive 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’ going up is 82%.

Download XRP/USDT Signal Image

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