XRP/USDT – 30M – BUY

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

A bullish ascent upwards to the next resistance line at 3.058600000 is likely expected.

Caution: A possible trend reversal in the direction of the support zone at 2.964200000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The currency pair could go up.

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

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 3.0449222 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 3.058600000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

3.058600000 – 3.049600000 – 3.043000000 – 3.002900000 – 3.005400000 – 3.000400000 — 52.214859476051 – 52.564165549726

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top retreat up – –