XRP/USDT – 1H – SELL

Moreover a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.

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

A descending movement downwards to the next support level at 1.3795 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 1.435 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.3961492 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 1.435 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ heading down is 82%.

1.435 – 1.4573 – 1.4209 – 1.3795 – 1.4035 – 1.4133 —
1.427500000 – 1.420600000 —
61.750410238868 – 53.665254048197 —
– —
1.435 – 1778288400

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