XRP/USDT – 30M – SELL

Besides a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The pair is likely to go down.

The combination Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards

A bearish movement downwards to the next support line at 2.953200000 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 3.043000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 2.9532 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 3.043000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

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

3.043000000 – 3.066900000 – 3.185800000 – 2.953200000 – 3.012000000 – 3.009900000 — 44.212062677151 – 42.134285840587

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –