XRP/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A descending movement down to the next support level at 3.499600000 will persist.

Caution: A possible change in the direction of resistance at 3.649500000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Moreover a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. which is a bearish signal. The currency 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).

3.649500000 – 3.580900000 – 3.557900000 – 3.499600000 – 3.403800000 – 3.380000000

Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern