XRP/USDT – 1H – SELL

The combination Ripple/Tether (XRP/USDT) goes from the ascending trendline down.

A descent downwards to the next support line at 2.327300000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 2.474300000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Bearish Harami’ candlestick chart pattern is found. The chart forms ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

Download XRP/USDT Signal Image

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Harami