XRP/USDT – 30M – BUY

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

A bullish trend upwards to the next resistance line at 3.153400000 is likely expected.

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

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

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 3.2671 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 3.153400000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Northern Doji’ chart pattern is existing. The candles show ‘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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

3.153400000 – 3.265100000 – 3.237300000 – 2.998100000 – 3.035300000 – 2.955500000 — 56.088766290119 – 58.619536236074

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – –