XRP/USDT – 30M – SELL

The combination Ripple/Tether (XRP/USDT) goes from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at 1.8873 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.9242 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Matching Low’ chart pattern is found. The candles form ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.9242 – 1.9656 – 1.9358 – 1.91 – 1.9152 – 1.8873 —
1.918800000 – 1.916800000 —
48.603367308733 – 50.763022277801 —
– —
1.92420 – 1769261400

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – – –