XRP/USDT – 4H – SELL

In addition a ‘Double top chart pattern’ chart layout is found. The chart picture shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.

The pair Ripple/Tether (XRP/USDT) goes from the ascending trendline down.

A bearish descent downwards to the next support line at 2.059100000 is expected.

Caution: A possible change in the direction of the resistance level at 2.337000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 2.0591 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 2.337000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ candle pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

2.337000000 – 2.337900000 – 2.282100000 – 2.092400000 – 2.059100000 – 2.079400000

Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Outside Down