XRP/USDT – 1H – SELL

The combination Ripple/Tether (XRP/USDT) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support line at is likely expected.

Caution: A possible change in the direction of the resistance line at 1.6122 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. 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).

1.6122 – 1.6339 – 1.9378 – 1.1172 – 1.5274 – 1.5879 —
1.388100000 – 1.518400000 —
56.672177071194 – 69.216988818422 —
– —
1.6122 – 1770192000

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Double top retreat up – –