XRP/USDT – 30M – SELL

Next a ‘Double bottom retreat down’ chart pattern is discovered. The chart shows ‘Double bottom retreat down’. which is a bearish signal. The pair is likely to go down.

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

A bearish trend down to the next support level at 2.792700000 will continue.

Caution: A possible change in the direction of the resistance line at 2.828900000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 2.8008766 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 2.828900000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which 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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

2.828900000 – 2.865300000 – 2.884900000 – 2.792700000 – 2.812300000 – 2.800000000 — 61.835326421708 – 55.639514611396

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Double bottom retreat down – –