XRP/USDT – 1H – BUY

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

A bullish trend up to the next resistance line at 3.265100000 is certain.

Caution: A possible reversal of the trend in the direction of the support zone at 2.955500000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘RSI cross above 70’ indicator layout is found. The indicator is ‘RSI cross above 70’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 3.3025 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 3.265100000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

3.265100000 – 3.578700000 – 3.649500000 – 2.955500000 – 3.421800000 – 3.403800000 — 47.950927882642 – 48.140804842809

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Triple top chart pattern –