XRP/USDT – 1H – SELL

The currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards

A bearish trend down to the next support at 2.981400000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 3.139700000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.

In addition a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

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

3.139700000 – 3.058600000 – 3.066900000 – 2.981400000 – 2.964200000 – 2.953200000 — 30.200996772752 – 27.381433139857

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –