XRP/USDT – 4H – SELLThere is also a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The pair is likely to go down.
The pair Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support at 1.8873 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.9907 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.1397 |
| 2nd High | 3.0998 |
| Next High | 1.9907 |
| Current Price | 1.888900000 |
| Next Low | 1.8873 |
| 2nd Low | 1.87 |
| 3rd Low | 1.847 |
1.9907 – 3.0998 – 2.9955 – 1.8873 – 1.87 – 1.847 —
1.924200000 – 1.916900000 —
40.215968806046 – 44.171995919482 —
– —
1.99070 – 1769025600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –