XRP/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 2.877400000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 3.178400000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘RSI cross above 30’ indicator layout is detected. The indicator is ‘RSI cross above 30’. which is often a bullish signal. The currency pair is likely to rise.

Also there is a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 3.001 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 3.178400000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Falling Window’ candle pattern is detected. The chart forms ‘Falling Window’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).

3.178400000 – 3.162100000 – 3.150000000 – 3.001000000 – 3.040300000 – 3.093200000 — 21.59833787421 – 16.509781255544

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Falling Window – Double top chart pattern –