XRP/USDT – 30M – BUY

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

A bullish ascent up to the next resistance at 3.238700000 is likely expected.

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

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The currency pair is likely to rise.

Next a ‘RSI fall below 70’ indicator layout is found. The indicator shows ‘RSI fall below 70’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 3.2387 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 3.238700000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

3.238700000 – 3.209800000 – 3.218100000 – 3.156400000 – 3.158400000 – 2.998100000 — 51.841216420268 – 55.90704602473

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