XRP/USDT – 1H – SELL

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

The bearish trend downwards to the next support at 3.152100000 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 3.347500000 is within the realm of possibility.
Consider stop-loss settings accordingly.

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

Moreover a ‘StochRSI fall below 80’ indicator signal is existing. The indicator shows ‘StochRSI fall below 80’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

3.347500000 – 3.382500000 – 3.018700000 – 3.152100000 – 3.205100000 – 2.964100000 — 42.216763238205 – 41.460436138708

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