XRP/USDT – 1H – BUY

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

A bullish trend upwards to the next resistance line at 1.3847 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 1.3458 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 1.39805 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.3847 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bullish Belt Hold’ chart pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

1.3847 – 1.4067 – 1.4466 – 1.3458 – 1.3677 – 1.3836 —
1.375500000 – 1.375000000 —
47.507841852688 – 46.967515061453 —
– —
1.3847 – 1777507200

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Belt Hold – – –