XRP/USDT – 1H – BUY

The combination Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards

A bullish ascent upwards to the next resistance line at 1.3371 is expected.

Caution: A possible trend reversal in the direction of the support zone at 1.267700000 could be enabled.
Consider stop-loss settings accordingly.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.31935 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.3371 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Up’ candlestick chart pattern is detected. The candles form ‘Three Outside Up’. this 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 success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.3371 – 1.3656 – 1.3657 – 1.267700000 – 1.3342 – 1.3326 —
1.284400000 – 1.290700000 —
22.836843890231 – 32.601468128629 —
1.267700000 – 1779940800 —
1.3371 – 1779865200

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