XRP/USDT – 30M – SELL

Moreover a ‘Double top chart pattern’ chart pattern is discovered. The chart forms ‘Double top chart pattern’. which is a negative chart scenario. The pair is likely to go down.

The combination Ripple/Tether (XRP/USDT) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support at 2.955500000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 3.178400000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘RSI cross above 30’ indicator signal is found. The indicator is ‘RSI cross above 30’. which is often a bullish chart signal. The currency pair could go up.

Moreover a ‘Three Outside Down’ candle chart pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

3.178400000 – 3.162100000 – 3.150000000 – 3.001000000 – 3.040300000 – 3.093200000 — 26.652544314973 – 21.5367354565

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Double top chart pattern –