Sell XRP/USDT – 1H – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

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

A descending movement downwards to the next support line at 1.3795 is likely expected.

Caution: A possible change in the direction of the resistance line at 1.435 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Next a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

Support & Resistance Price Range*
3rd High 1.4626
2nd High 1.4573
Next High 1.435
Current Price 1.416600000
Next Low 1.3795
2nd Low 1.3458
3rd Low 1.3193

1.435 – 1.4573 – 1.4209 – 1.3795 – 1.4035 – 1.4133 —
1.416200000 – 1.425000000 —
46.804763214827 – 56.719577293564 —
– —
1.435 – 1778288400

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