XRP/USDT – 30M – BUY

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

A bullish movement upwards to the next resistance at 1.3712 is considered certain.

Caution: A possible counter-trend in the direction of support at 1.3381 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair is likely to rise.

Besides a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair could go up.

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 1.3565 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.3712 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Inverted Hammer’ candlestick pattern is found. The chart shows ‘Inverted Hammer’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ going up is 65% (Bull Market).

1.3712 – 1.3603 – 1.3733 – 1.3381 – 1.3415 – 1.3468 —
1.356600000 – 1.349000000 —
52.212462146893 – 40.413007385462 —
– —
1.3712 – 1772964000

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Inverted Hammer – – –