Buy XRP/USDT – 1H – BUY

The pair Ripple/Tether (XRP/USDT) breaks through the bullish trendline up.

A continuation of the upward movement up to the next resistance at will continue.

Caution: A possible trend reversal in the direction of the support level at 1.350000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 1.5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three White Soldiers’ chart pattern is existing. The candles show ‘Three White Soldiers’. 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 chance of ‘Three White Soldiers’ heading up is 82%.

Support & Resistance Price Range*
3rd High
2nd High
Next High
Current Price 1.590300000
Next Low 1.350000000
2nd Low 1.095300000
3rd Low 1.065000000

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