Sell XRP/USDT – 1H – SELL

Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

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

A bearish descent downwards to the next support line at 3.115200000 will persist.

Caution: A possible change in the direction of the resistance zone at 3.334200000 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘RSI fall below 70’ indicator signal is existing. The indicator is ‘RSI fall below 70’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘StochRSI fall below 80’ indicator signal is existing. The indicator is ‘StochRSI fall below 80’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 3.382500000
2nd High 3.347500000
Next High 3.334200000
Current Price 3.278900000
Next Low 3.115200000
2nd Low 2.964100000
3rd Low 2.901400000

3.334200000 – 3.347500000 – 3.382500000 – 3.115200000 – 3.152100000 – 3.205100000 — 71.156277179987 – 67.333641666988

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