XRP/USDT – 1H – SELL

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

There is also a ‘StochOSC Hidden Bearish Divergence’ indicator layout is detected. The indicator is ‘StochOSC Hidden Bearish Divergence’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.0716012 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 1.1302 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Support & Resistance Price Range*
3rd High 1.165
2nd High 1.1354
Next High 1.1302
Current Price 1.088500000
Next Low 1.0535
2nd Low 1.0451
3rd Low 1.0345

1.1302 – 1.121 – 1.1043 – 1.0535 – 1.0674 – 1.0868 —
1.087100000 – 1.094200000 —
40.153519736463 – 52.401212049386 —
– —
1.1302 – 1784124000

Trading Signals:

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