XRP/USDT – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.

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

A bearish trend downwards to the next support level at 3.005400000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 3.058600000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 2.9884372 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 3.058600000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Matching Low’ candlestick pattern is found. The chart forms ‘Matching Low’. which is a positive 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).

3.058600000 – 3.049600000 – 3.043000000 – 3.005400000 – 3.000400000 – 2.964200000 — 38.592279348702 – 38.389295545761

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