XRP/USDT – 1H – SELL

The pair Ripple/Tether (XRP/USDT) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support line at 1.1261 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.161 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Then a ‘Tweezers Top’ chart pattern is found. The chart shows ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.161 – 1.1577 – 1.1376 – 1.1261 – 1.1042 – 1.0884 —
1.148200000 – 1.135900000 —
47.954825590087 – 38.704711021844 —
– —
1.161 – 1781362800

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Tweezers Top – Symmetrical Triangle Chart Pattern – –