XRP/USDT – 30M – SELL

Additionally a ‘Triple top chart pattern’ chart pattern is discovered. The chart picture forms ‘Triple top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A descent down to the next support line at 3.158100000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 3.334200000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘StochRSI fall below 80’ indicator signal is found. The indicator shows ‘StochRSI fall below 80’. which is often a bearish signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart 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 will continue. Current target is 3.1521 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 3.334200000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Matching Low’ chart pattern is found. The candles form ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

3.334200000 – 3.214600000 – 3.279500000 – 3.158100000 – 3.156800000 – 3.152100000 — 36.584767970626 – 36.306044586379

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Triple top chart pattern – –