XRP/USDT – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

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

A bearish trend downwards to the next support line at will continue.

Caution: A possible trend reversal in the direction of the resistance level at 3.330800000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

Besides a ‘RSI fall below 70’ indicator signal is existing. The indicator is ‘RSI fall below 70’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 3.16445 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 3.330800000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

3.330800000 – 3.238700000 – 3.209800000 – 3.163000000 – 3.156400000 – 3.158400000 — 43.944236307137 – 43.304341884917

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –