XRP/USDT – 30M – BUY

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

An ascending movement up to the next resistance line at 1.144 will persist.

Caution: A possible counter-trend in the direction of the support level at 1.1187 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish 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 will persist. Current target is 1.1506 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.144 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Up’ candle chart pattern is detected. The candles show ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.144 – 1.153 – 1.1548 – 1.1187 – 1.1329 – 1.1628 —
1.136200000 – 1.131400000 —
48.59243254492 – 45.291360340491 —
– —
1.144 – 1781875800

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Up – Rising Wedge Chart Pattern – –