XRP/USDT – 30M – SELL

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

A bearish descent downwards to the next support level at 3.111500000 is certain.

Caution: A possible counter-trend in the direction of resistance at 3.141000000 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

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

Additionally a ‘Three Inside Down’ candlestick chart pattern is existing. The candles form ‘Three Inside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

3.141000000 – 3.156000000 – 3.140700000 – 3.111500000 – 3.082900000 – 3.002400000 — 51.980757423985 – 45.430231114633

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