XRP/USDT – 30M – SELL

Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.

The currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards

A descent downwards to the next support at 1.27 is certain.

Caution: A possible trend reversal in the direction of resistance at 1.4035 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.3085152 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 1.4035 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ going down is 82%.

1.4035 – 1.4332 – 1.3504 – 1.27 – 1.3386 – 1.3827 —
1.386300000 – 1.362900000 —
51.10081785862 – 37.824262581921 —
– —
1.4035 – 1772373600

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –