XRP/USDT – 30M – SELL

Furthermore a ‘Double top chart pattern’ chart formation is found. The chart forms ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.

The currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline down.

A descent down to the next support level at 3.202600000 is expected.

Caution: A possible change in the direction of resistance at 3.351200000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 3.165704 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 3.351200000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

3.351200000 – 3.335000000 – 3.306700000 – 3.226600000 – 3.202600000 – 3.115200000 — 37.544984325155 – 34.287116657745

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Double top chart pattern – –