XRP/USDT – 1H – SELL

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

A bearish movement downwards to the next support line at 2.803800000 is expected.

Caution: A possible change in the direction of the resistance line at 3.178400000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘RSI cross above 30’ indicator signal is detected. The indicator shows ‘RSI cross above 30’. which is often a bullish chart scenario. The pair is likely to go up.

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

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 3.001 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 3.178400000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ candle pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency 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).

3.178400000 – 3.162100000 – 3.185600000 – 3.001000000 – 3.053300000 – 3.078800000 — 35.865630392216 – 35.487620577215

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