XRP/USDT – 1H – BUY

The combination Ripple/Tether (XRP/USDT) breaks through the descending trendline up.

An ascending movement upwards to the next resistance line at 1.1719 is likely expected.

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

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

Besides a ‘Bullish Engulfing’ chart pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.

1.1719 – 1.185 – 1.2491 – 1.09 – 1.1407 – 1.1898 —
1.143500000 – 1.170300000 —
46.293233096351 – 59.207142789385 —
– —
1.1719 – 1780869600

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