XRP/USDT – 30M – BUY

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

A bullish trend upwards to the next resistance line at 3.265100000 is expected.

Caution: A possible counter-trend in the direction of the support line at 3.163000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘RSI fall below 70’ indicator signal is discovered. The indicator shows ‘RSI fall below 70’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.

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

3.238700000 – 3.209800000 – 3.218100000 – 3.163000000 – 3.156400000 – 3.158400000 — 56.061623300225 – 56.319597715414

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern –