XRP/USDT – 4H – BUY

The pair Ripple/Tether (XRP/USDT) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 0.491700000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.269800000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 1.2698 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.269800000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

Download XRP/USDT Signal Image

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Engulfing