XRP/USDT – 30M – BUY

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

The bullish trend up to the next resistance at 2.377000000 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 2.257700000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 2.3070196 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 2.377000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Outside Up’ candlestick pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

Download XRP/USDT Signal Image

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