XRP/USDT – 1H – BUY

The combination Ripple/Tether (XRP/USDT) jumps from the bearish trendline upwards

An ascending movement upwards to the next resistance line at 1.4503 is likely expected.

Caution: A possible reversal of the trend in the direction of the support line at 1.418 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K crosses above 0.2’ indicator layout is discovered. The indicator is ‘StochRSI %K crosses above 0.2’. this is usually a bullish chart signal. The pair is likely to go up.

Next a ‘Bullish Engulfing’ candle pattern is found. The chart forms ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

1.4503 – 1.4457 – 1.4626 – 1.418 – 1.4239 – 1.409 —
1.434800000 – 1.420800000 —
55.63955552402 – 37.730542750133 —
– —
1.4503 – 1777046400

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