XRP/USDT – 1H – SELL

Then a ‘Double top retreat up’ chart layout is discovered. The formation shows ‘Double top retreat up’. which is a positive pattern signal. The currency pair is likely to rise.

The currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline down.

A bearish descent downwards to the next support line at 3.163000000 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 3.330800000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘RSI cross above 30’ indicator signal is found. The indicator is ‘RSI cross above 30’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 3.2422292 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 3.330800000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Concealing Baby Swallow’ chart pattern is discovered. The chart shows ‘Concealing Baby Swallow’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Concealing Baby Swallow’ going down is 75% (Bull Market).

3.330800000 – 3.238700000 – 3.218100000 – 3.163000000 – 3.156400000 – 2.998100000 — 33.817365695245 – 36.602190999619

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Concealing Baby Swallow – Double top retreat up –