XRP/USDT – 30M – SELL

The pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards

The bearish trend downwards to the next support line at 3.012000000 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 3.185800000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Support Level’ indicator signal is existing. The indicator shows ‘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 certain. Current target is 3.0099 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 3.185800000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Matching Low’ candlestick chart pattern is detected. The candles form ‘Matching Low’. which is a positive pattern 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).

3.185800000 – 3.137600000 – 3.073100000 – 3.012000000 – 3.009900000 – 3.089000000 — 27.927677245342 – 27.3115376823

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