XRP/USDT – 30M – BUY

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

A bullish movement up to the next resistance level at 3.580900000 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 3.403800000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 3.5809 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 3.580900000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

3.580900000 – 3.557900000 – 3.535200000 – 3.403800000 – 3.380000000 – 3.354700000

Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji – Double bottom retreat down