XRP/USDT – 1H – BUY

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

A bullish trend up to the next resistance level at 1.161 is likely expected.

Caution: A possible change in the direction of the support level at 1.1261 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K crosses above 0.2’ indicator layout is discovered. The indicator is ‘StochRSI %K crosses above 0.2’. which is often a bullish chart scenario. The currency pair could go up.

Next a ‘Latter Bottom’ chart pattern is discovered. The candles show ‘Latter Bottom’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).

1.161 – 1.1577 – 1.1376 – 1.1261 – 1.1042 – 1.0884 —
1.151000000 – 1.146900000 —
55.30655249604 – 49.272832418359 —
– —
1.161 – 1781362800

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Latter Bottom – – –