XRP/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

The combination Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards

The bearish trend down to the next support line at 3.018000000 is considered certain.

Caution: A possible change in the direction of the resistance line at 3.185800000 could happen.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.

Next a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

Next a ‘Matching Low’ candlestick pattern is existing. The chart forms ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

3.185800000 – 3.137600000 – 3.073100000 – 3.089000000 – 3.018000000 – 2.935700000 — 35.590097325965 – 34.986911090979

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –