XRP/USDT – 1H – BUY

The pair Ripple/Tether (XRP/USDT) goes from the bearish trendline up.

An ascending movement up to the next resistance line at 3.038000000 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 2.848800000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 2.9212992 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 3.038000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a positive 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

3.038000000 – 3.096900000 – 3.147200000 – 2.848800000 – 2.940400000 – 3.082900000 — 45.764876865293 – 50.572190519116

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