XRP/USDT – 1H – SELL

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

A descent downwards to the next support level at will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 3.035000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Also there is a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish signal. 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).

3.035000000 – 2.894900000 – 2.975000000 – 2.763700000 – 2.662900000 – 2.248500000

Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Outside Down – Double top chart pattern