XRP/USDT – 1H – SELL

The pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline down.

A bearish descent down to the next support level at 2.803800000 is considered certain.

Caution: A possible change in the direction of resistance at 3.035000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Also there is a ‘On Neck’ candlestick chart pattern is found. The chart shows ‘On Neck’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).

3.035000000 – 2.894900000 – 2.975000000 – 2.803800000 – 2.763700000 – 2.662900000

Trading Signals: FOREX – XRP – XRP/USDT – USDT – On Neck – Rising Wedge Chart Pattern