XRP/USDT – 1H – BUY

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

An ascent up to the next resistance line at 3.018700000 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 2.901400000 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.

There is also a ‘RSI cross above 70’ indicator layout is found. The indicator shows ‘RSI cross above 70’. which could be a positive chart signal. The pair is likely to go up.

There is also a ‘StochRSI fall below 80’ indicator layout is found. The indicator shows ‘StochRSI fall below 80’. which could be a positive chart signal. The pair is likely to go up.

There is also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 3.1171104 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 3.018700000 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency 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).

3.018700000 – 3.080000000 – 3.178400000 – 2.901400000 – 2.892000000 – 3.001000000 — 72.015560682737 – 72.452142511

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