XRP/USDT – 30M – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

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

A bearish movement down to the next support at 1.2083 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.2283 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.

Next a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.19 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 1.2283 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Matching Low’ candlestick chart pattern is existing. The candles form ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.2283 – 1.256 – 1.2935 – 1.2083 – 1.2053 – 1.2141 —
1.219200000 – 1.213900000 —
44.108356805803 – 41.063073357764 —
– —
1.2283 – 1781661600

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –