XRP/USDT – 30M – SELL

Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

The pair Ripple/Tether (XRP/USDT) moves from the ascending trendline downwards

A descent downwards to the next support line at 1.280200000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.3569 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. which 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).

1.3569 – 1.3683 – 1.3675 – 1.280200000 – 1.305 – 1.3448 —
1.290000000 – 1.311300000 —
20.504329489474 – 50.85442774514 —
1.280200000 – 1775136600 —
1.3569 – 1775089800

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