XRP/USDT – 1H – BUY

Next a ‘Falling Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Falling Wedge Chart Pattern’. this is a bullish signal. The currency pair is likely to go up.

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

An ascending movement upwards to the next resistance level at 2.337000000 is considered certain.

Caution: A possible change in the direction of support at 2.118100000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 2.22315 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 2.337000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a bullish 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).

2.337000000 – 2.175900000 – 2.180100000 – 2.118100000 – 2.141700000 – 2.140700000

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