XRP/USDT – 1H – BUY

The pair Ripple/Tether (XRP/USDT) breaks through the descending trendline upwards

A bullish movement upwards to the next resistance line at 3.058600000 is expected.

Caution: A possible trend reversal in the direction of the support level at 2.964200000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The pair is likely to go up.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 3.0695 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 3.058600000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish signal. The 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).

3.058600000 – 3.066900000 – 3.185800000 – 2.964200000 – 2.953200000 – 3.009900000 — 53.349212471574 – 58.374535017228

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Inverse Head and Shoulder chart pattern – –