XRP/USDT – 1H – BUY

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

The bullish trend up to the next resistance at 2.229600000 is expected.

Caution: A possible trend reversal in the direction of the support zone at 2.078200000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Then a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

2.198000000 – 2.212700000 – 2.229600000 – 2.078200000 – 1.908300000 – 2.000000000

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