XRP/USDT – 1H – SELL

The currency pair Ripple/Tether (XRP/USDT) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support at 2.998100000 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 3.218100000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

In addition a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

3.218100000 – 3.265100000 – 3.578700000 – 2.998100000 – 2.955500000 – 3.421800000 — 55.814117113099 – 51.951572025004

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Double bottom retreat down –