XRP/USDT – 30M – SELL

Then a ‘Double bottom retreat down’ chart pattern is discovered. The chart shows ‘Double bottom retreat down’. which is a negative pattern signal. The pair is likely to go down.

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

A bearish movement down to the next support level at 3.403800000 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 3.557900000 could occur.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

3.557900000 – 3.535200000 – 3.451300000 – 3.403800000 – 3.380000000 – 3.354700000

Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Outside Down – Double bottom retreat down