XRP/USDT – 1H – BUY

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

A bullish ascent up to the next resistance at 3.649500000 is considered certain.

Caution: A possible reversal of the trend in the direction of the support zone at 3.421800000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair could go up.

In addition a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 3.5929048 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 3.649500000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. which is a positive chart scenario. 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).

3.649500000 – 3.557900000 – 3.485500000 – 3.421800000 – 3.403800000 – 3.354700000

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