XRP/USDT – 30M – SELL

In addition a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

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

A bearish descent down to the next support at 2.953200000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 3.043000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 2.9532 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 3.043000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

3.043000000 – 3.066900000 – 3.185800000 – 2.953200000 – 3.012000000 – 3.009900000 — 44.212062677151 – 42.134285840587

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –