XRP/USDT – 30M – SELL

Moreover a ‘Inverse Head and Shoulder chart pattern’ chart formation is discovered. The chart shows ‘Inverse Head and Shoulder chart pattern’. this is a bullish signal. The currency pair is likely to go up.

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

The bearish trend down to the next support level at 3.117600000 is certain.

Caution: A possible change in the direction of resistance at 3.334200000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘RSI cross above 30’ indicator signal is detected. The indicator shows ‘RSI cross above 30’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘StochRSI fall below 80’ indicator signal is detected. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

3.334200000 – 3.214600000 – 3.279500000 – 3.117600000 – 3.158100000 – 3.156800000 — 49.883760663424 – 46.184134505073

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Inverse Head and Shoulder chart pattern – –