XRP/USDT – 30M – SELL

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

A bearish movement downwards to the next support level at 1.0789 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.1843 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K falls below 0.8’ indicator signal is discovered. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘Matching Low’ candlestick chart pattern is existing. The chart forms ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.1843 – 1.1496 – 1.1453 – 1.0789 – 1.0451 – 1.0345 —
1.178400000 – 1.163600000 —
61.679368371082 – 51.277268549819 —
– —
1.1843 – 1783186200

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –