XRP/USDT – 30M – SELL

In addition a ‘Triple top chart pattern’ chart layout is existing. The formation shows ‘Triple top chart pattern’. this is a bearish signal. The currency pair is likely to go down.

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

The bearish trend downwards to the next support line at 3.158100000 will persist.

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

In addition a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator is ‘StochRSI fall below 80’. this is usually a bearish chart signal. The currency pair could go down.

In addition a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. 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 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Matching Low’ candlestick pattern is discovered. The candles show ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 – –