XRP/USDT – 4H – BUY

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

A bullish trend up to the next resistance at 1.4427 is likely expected.

Caution: A possible trend reversal in the direction of support at 1.3218 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.

Also there is a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The currency pair could go up.

Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 1.440754 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.4427 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Up’ candlestick pattern is discovered. The candles form ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.4427 – 1.4732 – 1.4332 – 1.3218 – 1.3341 – 1.27 —
1.411200000 – 1.385900000 —
52.064839713778 – 50.175413194434 —
– —
1.4427 – 1773144000

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