XRP/USDT – 1H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

The bearish trend down to the next support line at 3.163000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 3.578700000 could happen.
Consider stop-loss settings accordingly.

Then a ‘RSI fall below 70’ indicator signal is detected. The indicator is ‘RSI fall below 70’. this is usually a bearish signal. The currency pair could go down.

Then a ‘Matching Low’ candle chart pattern is discovered. The candles show ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

3.238700000 – 3.218100000 – 3.265100000 – 3.163000000 – 3.156400000 – 2.998100000 — 50.595279315641 – 50.036405720832

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Rising Wedge Chart Pattern –