XRP/USDT – 30M – BUY

The currency pair Ripple/Tether (XRP/USDT) breaks through the bearish trendline upwards

The bullish trend upwards to the next resistance at 3.485500000 is certain.

Caution: A possible counter-trend in the direction of the support line at could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. 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 certain. Target of the current trend is 3.5443048 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 3.485500000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. 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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

3.485500000 – 3.545000000 – 3.660700000 – 3.354700000 – 3.343900000 – 3.400500000

Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Double bottom chart pattern