XRP/USDT – 30M – SELL

And also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

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

A bearish trend down to the next support at 3.005400000 will continue.

Caution: A possible change in the direction of the resistance zone at 3.058600000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 2.9884372 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 3.058600000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Matching Low’ candlestick chart pattern is discovered. The candles form ‘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’ heading up is 61% (Bull & Bear Market).

3.058600000 – 3.049600000 – 3.043000000 – 3.005400000 – 3.000400000 – 2.964200000 — 38.592279348702 – 38.389295545761

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –