XRP/USDT – 1H – BUY

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

A bullish movement up to the next resistance line at 2.337000000 is likely expected.

Caution: A possible trend reversal in the direction of the support level 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 likely expected. Target of the current trend is 2.22315 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal 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’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading 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